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[ 27 Sep 2011 | Comments Off ]

Introduction: International Economic Law in a Time of Change
By Gregory C. Shaffer*
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The start of the second decade of the twenty-first century has witnessed a confluence of events affecting international    economic law that calls for re-evaluation. The international context has radically changed. Most analysts contend that we are  shifting toward a multi-polar world in light of economic transformations in China, India, Brazil, and other developing and transitional countries. This shift is coupled with economic stagnation in the United States and Europe, which are beset by a severe and prolonged …

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[ 26 Sep 2011 | Comments Off ]
Director General of the WTO Pascal Lamy

by  Bernard Hoekman**
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This paper summarizes the major arguments and proposals to reform the modus operandi of the WTO—including decision-making procedures, negotiating modalities, and dispute settlement. Much has already been done to improve internal and external transparency of WTO processes. Some proposals for structural reform ignore incentive constraints and the fact that the WTO is an incomplete contract that must be self-enforcing. Others—such as calls for a “critical mass” approach to negotiations—can already be pursued (and have been). The agenda for international cooperation increasingly revolves around “behind-the-border” regulatory externalities that …

Developing States, Featured, Headline, Symposium »

[ 19 Sep 2011 | Comments Off ]

(Chinese State Councilor and Secretary-General of the State Council Ma Kai greet attendees at the closing ceremony of the second corruption-prevention workshop among developing countries in Beijing, China, Oct. 25, 2009)
by Uché U. Ewelukwa*
PDF Available
I. Introduction
The last decade witnessed two unprecedented and significant       developments in the global economic landscape—the emergence of new  major global players among developing countries[1] and the   development of sound, robust, deepening and widening economic activity between developing countries.[2] The South’s share in global trade is growing steadily and the South now accounts for …