The World Trade Organization and the Turbulent Legacy of International Economic Law-making in the Long Twentieth Century

2013 ◽  
Author(s):  
Fiona Macmillan
Keyword(s):  
International Economic ◽  
Twentieth Century ◽  
World Trade Organization ◽  
World Trade ◽  
Economic Law ◽  
International Economic Law ◽  
The World ◽  
Law Making

scholarly journals Shifting Design Paradigms: Why Tomorrow's International Economic Law May Look More Like the Tax Regime than the WTO

AJIL Unbound ◽  
2020 ◽  
Vol 114 ◽  
pp. 270-274
Author(s):  
Wolfgang Alschner
Keyword(s):  
International Economic ◽  
World Trade ◽  
Third Party ◽  
Tax Law ◽  
Political Environment ◽  
Economic Law ◽  
Multilateral Institutions ◽  
International Economic Law ◽  
The World ◽  
International Tax

Rampant unilateralism, insistence on national sovereignty, a wariness of multilateral institutions and third-party adjudication—for international trade lawyers, this is the stuff of nightmares. For international tax lawyers, these are the normal operating parameters of the international tax regime. In fact, the same forces that are currently unraveling the World Trade Organization (WTO) are simultaneously enabling pragmatic and creative reforms of international tax law. Ruth Mason's account of the Transformation of International Tax invites us to draw broader lessons on how international economic law could adapt to survive and even thrive in a political environment increasingly hostile towards WTO-style multilateralism.

scholarly journals Afterword: The Linkage Problem—Comments on Five Texts

2002 ◽  
Vol 96 (1) ◽  
pp. 118-125 ◽  
Author(s):  
John H. Jackson
Keyword(s):  
International Economic ◽  
World Trade Organization ◽  
World Trade ◽  
Political Leaders ◽  
Economic Relations ◽  
International Economic Relations ◽  
The World

The problem of linkage between “nontrade” subjects and the World Trade Organization is certainly one of the most pressing and challenging policy puzzles for international economic relations and institutions today. It is extensively and harshly debated by political leaders and diplomats, at both the national and the international levels of discourse, and is one of several issues that derailed the WTO Third Ministerial Conference in Seattle in late 1999. It also posed problems for the Fourth Ministerial Conference in Doha, Qatar, in November of 2001, and it threatens to derail the successful functions of the WTO itself.

13. International Economic Law

2016 ◽  
Author(s):  
Martin Dixon ◽  
Robert McCorquodale ◽  
Sarah Williams
Keyword(s):  
International Economic ◽  
Dispute Settlement ◽  
International Investment ◽  
International Investment Law ◽  
Investment Protection ◽  
Economic Law ◽  
Trade Law ◽  
International Trade Law ◽  
International Economic Law ◽  
The World

This chapter begins by defining international economic law. It then discusses the main international economic institutions: the World Trade Organization, the International Monetary Fund and the World Bank. It goes on to elaborate on the key principles of international trade law: tariffication, binding tariffs, most favoured nation treatment and the national treatment obligation and discusses exceptions to these principles, anti-dumping and subsidies, regional trade arrangements, and developing States and dispute settlement within the WTO. The chapter also discusses the key principles of international investment law (including foreign direct investment, protection standards, expropriation and dispute settlement); the international financial architecture; and international economic law and State sovereignty.

Ways out of the Globalization Trilemma

2019 ◽  
Author(s):  
Carsten Herrmann-Pillath
Keyword(s):  
International Economic ◽  
International Trade ◽  
Civil Society ◽  
Trade Policy ◽  
World Trade Organization ◽  
World Trade ◽  
Dispute Settlement ◽  
Policy Issues ◽  
The World ◽  
Operational Criterion

Based on Rodrik’s diagnosis of a “globalization trilemma” in designing the institutions of international economic exchange, this chapter suggests a solution that applies Sen’s argument favoring realization-focused comparisons over transcendental institutionalism in evaluating institutions. In the paradigm of deliberative trade policy, this contribution approaches the World Trade Organization (WTO) as a regime of deliberation, reaching beyond the scope of interactions with civil society. This prepares the ground for normative principles of WTO reform that shift the emphasis from efficiency to justice, mainly in the procedural sense. The central operational criterion is the inclusiveness of international trade and trade policy. This is applied on the issues of multilateralism versus regionalism and the design of the dispute settlement process. A WTO renewed under the auspices of deliberative trade policy can meet the challenges of new trade policy issues such as coordination of regulatory regimes under the conditions of rapid and unpredictable technological change, and can resolve the tension between democracy and globalization as laid out in the globalization trilemma.

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