Trade policy flexibility and enforcement in the World Trade Organization : a law and economics analysis / Simon A.B. Schropp.

By:

Schropp, Simon A. B. (Simon Arnd Benedikt) [author.]

Contributor(s):

Cambridge eBooks

Series: Cambridge international trade and economic law ; 1.Publisher: Cambridge : Cambridge University Press, 2009Description: 1 online resource (xviii, 360 pages) : digital, PDF file(s)Content type:

text

Media type:

computer

Carrier type:

online resource

ISBN:

9780511674570 (ebook)

Other title:

Trade Policy Flexibility & Enforcement in the WTO

Subject(s):

Genre/Form:

Electronic books.

Additional physical formats: Print version: : No titleDDC classification:

380.1 22

LOC classification:

K4610 .S37 2009

Online resources:

Click here to access online

Contents:

Introduction : trade policy flexibility in the WTO-vice or virtue? -- Complete contracts and the contracting ideal -- Incomplete contracting and the essence of flexibility -- Adding context : the WTO as an incomplete contract -- Analyzing the system of non-performance in the WTO -- Theorizing about the WTO as an efficient "breach" contract -- Towards an efficient "breach" contract : an agenda for reform.

Summary: The World Trade Organization (WTO) is an incomplete contract among sovereign countries. Trade policy flexibility mechanisms are designed to deal with contractual gaps, which are the inevitable consequence of this contractual incompleteness. Trade policy flexibility mechanisms are backed up by enforcement instruments which allow for punishment of illegal extra-contractual conduct. This book offers a legal and economic analysis of contractual escape and punishment in the WTO. It assesses the interrelation between contractual incompleteness, trade policy flexibility mechanisms, contract enforcement, and WTO Members' willingness to co-operate and to commit to trade liberalization. It contributes to the body of WTO scholarship by providing a systematic assessment of the weaknesses of the current regime of escape and punishment in the WTO, and the systemic implications that these weaknesses have for the international trading system, before offering a reform agenda that is concrete, politically realistic, and systemically viable.

Item type:

eBooks

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Title from publisher's bibliographic system (viewed on 05 Oct 2015).

The World Trade Organization (WTO) is an incomplete contract among sovereign countries. Trade policy flexibility mechanisms are designed to deal with contractual gaps, which are the inevitable consequence of this contractual incompleteness. Trade policy flexibility mechanisms are backed up by enforcement instruments which allow for punishment of illegal extra-contractual conduct. This book offers a legal and economic analysis of contractual escape and punishment in the WTO. It assesses the interrelation between contractual incompleteness, trade policy flexibility mechanisms, contract enforcement, and WTO Members' willingness to co-operate and to commit to trade liberalization. It contributes to the body of WTO scholarship by providing a systematic assessment of the weaknesses of the current regime of escape and punishment in the WTO, and the systemic implications that these weaknesses have for the international trading system, before offering a reform agenda that is concrete, politically realistic, and systemically viable.

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