The African Renaissance in the Age of Globalization – What Role for International Investment Law?

The concept of the African Renaissance expresses the idea that the African continent shall overcome the current challenges of poverty, inequality, and violence and achieve cultural, political, and economic renewal and a more just and equitable order. First articulated by the Senegalese historian Cheikh Anta Diop (1923–1986) in the aftermath of WWII, the concept encourages African peoples to take pride in their rich cultural heritage, to take charge of their lives, and to set Africa as a significant player in international affairs. It also encourages them to rebuild the economy. The African Renaissance should start a new era following decolonization and the parallel spread of democracy and the rule of law across the continent.

Yet, even after the end of colonization in the early 1960s, violent political events and ethnic conflicts have plagued the African continent, causing millions of deaths and hampering economic development. The recent pandemic has highlighted vulnerabilities
in infrastructures and essential services. Investments in the extractive industries have rarely benefitted local communities, leaving a legacy of environmental damage instead. Finally, climate change has increased desertification processes, drought, and famine, thus determining massive migration flows and contributing to African diasporas.

Can the ambitious dream of the African Renaissance be brought to fruition? Can peace and prosperity be fulfilled? What role can international investment law play in helping African peoples tackle the challenges to Africa’s growth and prosperity? The conference aims to address these questions seeing Africa as a continent of hope and emancipation. It constitutes a platform to critically assess the promises and pitfalls of existing investment treaties and build momentum for dialogue on the future of Africa. Foreign investments are crucial, especially for Least Developed Countries (LDCs), whose sustainable development often depends on foreign assets and technology. Out of 46 LDCs, 33 are in Africa. The challenge is to strike a balance between the promotion of foreign direct investments and the right and duty of the host countries to pursue public interest.

The event is set to take place on 10-11 November in Padua and is organized by the Department of Political Science, Law, and International Studies. The workshop will provide a platform for researchers and policymakers to discuss new research
and identify areas where further academic and policy-oriented work is needed. There will be an open floor discussion.

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