This chapter deals with the last year of the 1980s and all of the subsequent decade. Though mostly placid for ICSID, the period was one of momentous change elsewhere in the World Bank Group and, of course, in the world at large. In 1989, the Communist regimes of Soviet “satellite” States in Eastern Europe collapsed. The Berlin Wall was opened late in 1989; within a year, Germany was reunited. Soon thereafter, in 1991, the Soviet Union was dissolved. This brought an abrupt end to the Cold War. Democracy and market capitalism spread in its aftermath. By one count,...
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