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This session will focus on the political economy of international economic law, and how such an analysis could remedy certain issues arising in investment and trade law. Indeed, globalisation is often viewed as detrimental to the right of states to regulate or to pursue national policy goals. However, this dichotomous view – opposing international to national interests – is inaccurate. Indeed, some solutions (derived from a political economic analysis of international economic law) could be adopted so as to further both interests - without having the development of one aspect necessarily disrupting the other.
The papers to be discussed are as follows:
- On political economy and trade law: Bernard Hoekman and Douglas Nelson, 21st Century Trade Agreements and the Owl of Minerva, EUI Working Paper RSCAS 2018/04. Available at https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3157110
- On political economy and investment law: Aisbett, Emma and Bonnitcha, Jonathan, Compensation under Investment Treaties – As if Host Interests Mattered (November 8, 2018). UNSW Law Research Paper No. 18-80. Available at SSRN: https://ssrn.com/abstract=3281334
Additional readings:
- On assessing the broader regulatory implications of the WTO within nation states: Gregory Shaffer (2015): How the World Trade Organization shapes regulatory governance, in: Regulation and Governance 9 (1), 1-15. Available at SSRN: https://ssrn.com/abstract=2480664
- On the relation between trade agreements and free trade: Dani Rodrik (2018): What do trade agreements really do?, in: Journal of Economic Perspectives 32 (2), 73–90. Available at: https://drodrik.scholar.harvard.edu/files/dani-rodrik/files/what_do_trade_agreements_really_do.pdf
- On the narratives about who the winners and losers of international economic agreements are. Nicolas Lamp (2018): How Should We Think about the Winners and Losers from Globalization? Three Narratives and their Implications for the Redesign of International Economic Agreements (Queen's University Legal Research Paper No. 2018-102); Available at SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3290590
Event details
SW1.17 (Level 1)Somerset House East Wing
Strand Campus, Strand, London WC2R 2LS