As was seen in Chapter 6, much of 1967 was spent by ICSID laying foundations for its future operation. The present chapter examines the activities of the Centre in the next 20 years, from 1968 to 1988. It is worth remembering some of the broad political and economic developments of the period. Many of them having just gained political independence, developing countries began more vigorously to pursue economic self-sufficiency.1 Anti-foreign investment sentiment became widespread among them. There were sharp increases in the number of expropriations of investments...
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