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This chapter provides a detailed, stage-by-stage narrative of the drawing up of the text of the Convention between 1962 and 1965. For their work on what became the ICSID Convention, the Executive Directors convened a committee of the whole comprising all of the Executive Directors. Called the Committee of the Whole on the Settlement of Investment Disputes, it held six initial meetings during the period from December 1962 to June 1963. In these meetings, the Executive Directors discussed the Working Paper in the form of a Draft Convention for the Resolution of Disputes between States and Nationals of Other States. Broches had submitted this Working Paper to the Executive Directors in June 1962. The chapter examines the Working Paper and the discussions of it in the Committee of the Whole.

This chapter discusses two case studies—Dharavi in Mumbai and Surat in Gujarat. In particular, it uses the case studies to discuss situations where international trade policies and their effects on domestic factor prices turn out to be of critical importance for the existence of informal activities. It shows that the recent transformation of the slums in Dharavi in Mumbai through massive real estate development is counter-productive to a flourishing informal segment of leather products, though the general state of the unorganized leather industry has worsened somewhat over the recent years. In contrast, the paper work industry in Surat is benefiting from the spoils of globalization.

This chapter provides a detailed, stage-by-stage narrative of the drawing up of the text of the Convention between 1962 and 1965. It describes the Preliminary Draft, focusing on the main differences between it and the Working Paper. It also reviews the sources or antecedents for the Preliminary Draft (and the Working Paper before it). The chapter then turns to the discussions at the regional consultative meetings.

This chapter discusses the nature of bureaucracy and the things associated with a bureaucratic organization. It first considers various definitions of bureaucracy before turning to two or three things that come to anyone's mind when he is presented with the word “bureaucracy.” In particular, it looks at the career of General Fred Crayton Ainsworth, who made his reputation for his skill in the collection, the filing, and the organization of paper. Here, it becomes apparent that the real point of bureaucracy is data processing. After addressing paper work in bureaucracy, the chapter examines the impersonality of bureaucracy as well as red tape and regulations and those who work in the bureaucratic situation. It suggests that what we call bureaucracy, with its interest in fixed and uniform solutions, thrives best in static environments, but that science and technology constantly interfere to throw the bureaucratic balance of things out of balance.