Calvo doctrine
Calvo doctrine: a doctrine prevalent in Latin American legal systems. It holds that foreign nationals, and particularly foreign investors, are not entitled to seek protection from their governments in excess of that available to nationals of host countries. In other words, it rejects any suggestion of privileged treatment for foreign investors. The doctrine in effect prevented countries ahering to it from concluding treaties for the protection of investment, and it had therefore a direct influence on investment flows. It is named after Dr Carlos Calvo, an Argentinian lawyer and diplomat, who enunciated it in 1868.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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