The Regulation of International Trade: Political Economy and Legal Order

The rise of regional trade blocs and the profile enjoyed by the GATT talks, underline the significance of international trade regulation. As new areas of trade emerge and we look to the future of the world trading order it is important that we understand how it works. The Regulation of International Trade introduces the rules and institutions that govern international trade. The authors examine the theory and functioning of international institutions and blocs, including: GATT, USFTA, NAFTA and the EC. Attention is also given to current difficulties in global trade. This includes a comparative discussion of internal rules for the application of trade remedies to dumping and subsidies in Canada, the USA and the EC. The authors also examine how trading disputes which result from protectionism are settled. Individual chapters focus on exchange rates, trade in agricultural products, trade in services, trade and development and international labour mobility. The book also considers the emerging issues, including investment measures, intellectual property rights, and the environment. Throughout the insights of classic and contemproary economics and political economy are related to current isues facing the world trading order. As a comprehensive text The Regulation of International Trade will be a valuable guide to students of economics, law and international relations.