Regional and Global Regulation of International Trade : Regional and Global Regulation of International Trade

"The processes of legal and economic integration at a regional and global scale have created powerful legal and economic dilemmas. They challenge the paradigms of constitutionalism, including the State's monopoly of constitutionalism, the autonomy of national political communities and the traditional forms of participation and representation. The phenomena of globalisation and regional forms of governance have promoted the inter-dependence of national political communities and destroyed the artificial boundaries upon which national constitutional democracies are found and from which they derive their legitimacy. Furthermore, it is inevitable that the development of international trade and economic integration will raise claims for some form of global distributive justice to complement the wealth maximisation arising from free trade. This will come from the gradual development of global forms of political discourse and law-making, challenging State constitutionalism and requiring some of the instruments and theories of constitutionalism. The essays in this collection, written by leading scholars in international trade law, argue the pros and cons of greater regional and global regulation. They conclude that whatever the final framework for international trade, the critical decisions about institutional form and content will be decided in an emerging global political arena. They help to identify this political arena, who governs it, and according to which rules, and identify the different institutional alternatives in that global political arena."--Bloomsbury Publishing. Half Title Page......Page 1 Half Title verso......Page 2 Title Page......Page 3 Title verso......Page 4 Contents......Page 5 List of Contributors......Page 9 Table of Cases......Page 11 Table of Legislation......Page 15 I INTRODUCTION......Page 21 II A GLOBAL ECONOMIC NETWORK: THE GLOBAL COMMODITY CHAIN IN TOYS......Page 24 III ELEMENTS OF GLOBAL LEGAL PLURALISM......Page 27 IV THE SHAPE OF GLOBAL LEGAL PLURALISM......Page 32 V CONCLUSION......Page 63 I INTRODUCTION......Page 69 II REGULATION OF INTERNATIONAL TRADE AS AN EMERGING CONSTITUTION......Page 71 III INTERNATIONAL CHALLENGE TO NATIONAL CONSTITUTIONALISM......Page 78 IV GLOBAL CONSTITUTIONALISM AND THE FUTURE OF INTERNATIONALTRADE LAW......Page 81 I LEGALISATION OF TRADE RELATIONS......Page 91 II INTRA-REGIONAL ECONOMIC EFFECTS OF THE NAFTA......Page 96 III GLOBAL WELFARE EFFECTS OF THE NAFTA......Page 97 IV APEC AND THE LEGALISED REGIONAL INTEGRATION MECHANISM......Page 111 V NAFTA AS A PREFERABLE MODEL FOR EAST ASIA......Page 112 VI NAFTA, EAST ASIA AND THE WTO SYSTEM......Page 116 I INTRODUCTION......Page 117 II THEORETICAL FRAMEWORK......Page 118 III THE EU’S ANTI-DUMPING METHODOLOGY AGAINST JAPAN......Page 130 IV CONCLUSION......Page 148 I IMPACT OF THE END OF THE COLD WAR......Page 151 II THE MAJOR POWERS......Page 153 III SOUTH AND SOUTH-EAST ASIA......Page 163 IV POLITICS OF ECONOMIC REFORM......Page 169 V INDIA, CTBT AND NON-PROLIFERATION......Page 176 VI INDIA: A REGIONAL OR GLOBAL POWER?......Page 179 VII CONCLUSION......Page 182 6. Courts and Regional Integration......Page 185 I INSTITUTIONALISATION......Page 186 II DISPUTE-SETTLEMENT SYSTEMS......Page 189 III IMPLICATIONS OF DISPUTE-RESOLUTION MECHANISMS......Page 193 IV INSTITUTIONALISATION AND JUDICIALISATION......Page 198 I INTRODUCTION......Page 201 II CHINA IN THE WTO: THE STRUCTURAL OBSTACLES......Page 202 III THE MARKET ACCESS ISSUE......Page 207 IV WHAT COULD CHINA GAIN FROM MEMBERSHIP OF THE WTO?......Page 208 V CONCLUSION......Page 212 I GENERAL OVERVIEW......Page 213 II CURRENT WTO COMMITMENTS......Page 218 III OPTIONS FOR THE NEXT DECADE......Page 224 IV POSTSCRIPT......Page 226 I INTRODUCTION......Page 227 II BACKGROUND ON FDI IN THE ASEAN......Page 228 III FINANCIAL CRISIS AND TRENDS IN FDI......Page 236 IV INVESTMENT REGIMES IN THE ASEAN COUNTRIES......Page 237 V GLOBAL CONTEXT AND REGIONAL RESPONSES FOR FDI......Page 240 VI PROSPECTS FOR AN INVESTMENT REGULATORY FRAMEWORK......Page 244 I INTRODUCTION......Page 249 II CONSISTENT ASPECTS......Page 252 III GAPS TO BE FILLED......Page 259 IV CONCLUSION......Page 262 I INTRODUCTION......Page 265 II THE REFORM OF TRADE POLICY......Page 266 III AREAS OF CONFLICT......Page 273 IV MOVES TOWARDS AN AGREEMENT......Page 278 I INTRODUCTION......Page 283 II THE CO-EXISTENCE OF REGIONALISM AND MULTILATERALISM......Page 285 III OPEN REGIONALISM: BACKGROUND, BASIC CONCEPTS AND PRACTICAL INTERPRETATION......Page 289 IV PROVISIONS OF THE GATT/WTO ON RIAs: WHETHER AND WHAT TO CHANGE......Page 295 V CONCLUSION......Page 303 I ASIAN FINANCIAL TURMOIL......Page 305 II LEGAL REFORM UNDER THE ASIAN FINANCIAL TURMOIL......Page 309 III ASIAN DEVELOPMENT BANK AND DEVELOPMENT ACTIVITIES......Page 315 IV CONCLUSION......Page 319 Index......Page 321 The processes of legal and economic integration at a regional and global scale have created powerful legal and economic dilemmas. They challenge the paradigms of constitutionalism, including the State's monopoly of constitutionalism, the autonomy of national political communities and the traditional forms of participation and representation. The phenomena of globalization and regional forms of governance have promoted the interdependence of national political communities and destroyed the artificial boundaries upon which national constitutional democracies are found and from which they derive their legitimacy. Furthermore, it is inevitable that the development of international trade and economic integration will raise claims for some form of global distributive justice to complement the wealth maximization arising from free trade. This will come from the gradual development of global forms of political discourse and law-making, challenging State constitutionalism and requiring some of the instruments and theories of constitutionalism. The essays in this collection, written by leading scholars in international trade law, argue the pros and cons of greater regional and global regulation. They conclude that whatever the final framework for international trade, the critical decisions about institutional form and content will be decided in an emerging global political arena. They help to identify this political arena, who governs it, and according to which rules, and identify the different institutional alternatives in that global political arena.