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Free Markets and Social Regulation : A Reform Agenda of the Global Trading System - Toward a New International Economic Law - Sungjoon Cho

Free Markets and Social Regulation

A Reform Agenda of the Global Trading System - Toward a New International Economic Law

By: Sungjoon Cho (Editor)

Hardcover Published: 1st May 2003
ISBN: 9789041198921
Number Of Pages: 240

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Discussion of trade barriers has come round - inevitably it seems - to national regimes of regulatory protection. Indeed, state regulation has the potential to undermine the very legitimacy of the global trading system. A compelling reconciliation between these two paramount values is essential. This text has a twofold purpose: to consider what has so far been accomplished in this mission in the field of international economic law, and to prescribe some solutions to continuing problems. This latter endeavour amounts to a coherent and integrated plan that will enhance the acceptability of free markets to governments, traders, and other stakeholders alike. The challenges analysed in depth here include: the development in the global trade regime of non-trade policy objectives, which still tend to be treated as mere exceptions to general obligations; the built-in emphasis on products rather than measures; the novel risks associated with the development of modern technology; the case-by-case approach of WTO jurisprudence, which generally fails to investigate whether the substance of any given domestic regulation is necessary to the policy goals of the state in question; and the "technical and economic feasibility" of complying with international trade obligations. The author conducts his analysis in a broad context encompassing the WTO system, the European Union, and the North American Free Trade Agreement. He finds that the clash, despite the particular institutional characteristics of these various organizations, is a major concern of them all. The jus gentium of international trade, he offers, is an imperative combining the good faith principle with the communitarian duty to cooperate. Exactly how to go about ordering this imperative is what this book is about.

Introductionp. 1
Background: Two Constitutional Moments and the Transformation of the Telosp. 11
Evolution of GATT Jurisprudencep. 17
Harmonization Initiatives and Derivative Jurisprudencep. 91
Compliance Pullp. 153
Convergencep. 175
Conclusionp. 195
Selected Bibliographyp. 201
Indexp. 215
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9789041198921
ISBN-10: 904119892X
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 240
Published: 1st May 2003
Country of Publication: NL
Dimensions (cm): 23.39 x 15.6  x 1.42
Weight (kg): 0.5