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Takes stock of current challenges to the world trading system and develops scenarios for the future.
"Over the past 30 years, international trade has grown constantly and since 2008 it has increased by 26% (World Trade Organization 2019). In the same period of time foreign direct investment (FDI) grew more than 20% before 2000, 8 % in 2000-2007, and has shown slow growth since 2008, averaging about 1% growth per year for a decade (UNCTAD 2019b, p. xi).1 What we have also observed (but we lack systematic data) is a spectacular growth of trade in parts and components and a substantial increase of trade in services, reflecting companies' investment and sourcing decisions increasing the web of global and regional supply chains. The "death of distance" through lower transport costs and advancements in information technology has contributed to accelerating these developments"--
This book challenges our understanding of the true role and impact of the World Trade Organization.
Cover -- Half Title -- Dedication -- Title Page -- Copyright Page -- Table of Contents -- List of Figures and Tables -- Preface and Acknowledgements -- List of Abbreviations -- 1 Introduction -- 2 The Common Commercial Policy: Development and Operation -- 3 Theoretical Approaches to the Study of European Integration -- 4 Explaining Policy Processes and Policy Outcomes: an Institutionalist Framework for Analysis -- 5 Theorizing ECJ Decisions: the Legitimacy of External Economic Relations -- 6 Amsterdam - Theory and Empirics in IGCs -- 7 Theorizing International Bargains: the Seattle Ministerial Conference -- 8 Conclusion -- Bibliography -- Index
This handbook provides a holistic understanding of what the World Trade Organization does, how it goes about fulfilling its tasks, its achievements and problems, and how it might contend with some critical challenges.
An exploration of the current state of global trade law in the era of Big Data and AI. This title is also available as Open Access on Cambridge Core.
A multi-disciplinary, multi-author analysis of convergence and divergence between trade and international dispute settlement.
Two high-level commissions—the Sutherland report in 2004, and the Warwick Commission report in 2007—addressed the future of the World Trade Organization and made proposals for incremental reform. This book goes further; it explains why institutional reform of the WTO is needed at this critical juncture in world history and provides innovative, practical proposals for modernizing the WTO to enable it to respond to the challenges of the twenty-first century. Contributors focus on five critical areas: transparency, decision- and rule-making procedures, internal management structures, participation by non-governmental organizations and civil society, and relationships with regional trade agreements. Co-published with the International Development Research Centre and the Centre for International Governance Innovation
This book shows how international organizations achieve their governance goals, despite limited resources, by 'orchestrating' NGOs and other intermediaries.
This book uses environmental disputes as a focus to develop a novel comparative analysis of the functions of international adjudication. Paine focuses on three challenges confronting international tribunals: managing change in applicable legal norms or relevant facts, determining the appropriate standard and method of review when scrutinising State conduct for compliance with international obligations, and contributing to wider processes of dispute settlement. The book compares how tribunals manage these challenges across four key sites of international adjudication: adjudication in the World Trade Organization and under the United Nations Convention on the Law of the Sea, International Court of Justice litigation, and investment treaty arbitration. It shows that while international tribunals perform several key functions in the contemporary international legal order, they are subject to significant constraints. Paine makes a genuine addition to literature on the role of international adjudication in international law which will benefit academics, practitioners, and policymakers.