Elgar encyclopedia of international economic law

Author Thomas Cottier, Professor Emeritus, World Trade Institute

4 October 2018

The definitive reference work on international economic law. This comprehensive resource helps redefine the field by presenting international economic law in its broadest, real-world context.

Organized thematically, the subject is split into four principal sections: the foundations and architecture of international economic law, its principles, its main regulatory areas, and the future challenges that it faces. Comprising over 250 entries written by leading scholars and practitioners, traditional international economic law subject matter is supplemented by coverage of newly developing areas. Thus, the concepts and rules of trade, investment, finance and international tax law are found alongside entries discussing the relationship of international economic law with environmental protection, social standards, development, and human rights.

This Encyclopedia is an invaluable resource for both practitioners and academics. It acts as a handy reference to all areas of international economic law, and provides the ideal starting point for any research journey.

Coauthor Krista Nadakavukaren Schefer, Co-Head of Legal Services, Swiss Institute of Comparative Law; Senior Fellow, World Trade Institute
Moderator Andrea Mastromatteo, Counsellor of the Rules Division of the WTO Secretariat
AquaBrowser http://wto.aquabrowser.com/?itemid=|WTO-Marc|1927146
Library catalog https://w10300fr.eos-intl.eu/W10300FR/OPAC/Details/Record.aspx?BibCode=103888607
Program https://www.wto.org//english/forums_e/public_forum18_e/pf18_session_e.htm?session=92

The willing world: Shaping and sharing a sustainable global prosperity

Author James Bacchus, Adjunct Scholar, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute

3 October 2018 13:00-14:00

In this time of unwillingness, the right kinds of global solutions are needed now more than ever. Climate change is here and intensifying. Anxieties over economic globalization grip many in the fear of change. While these fearful have turned inward into unwillingness, the world’s willing are working harder than ever for international and other cooperative solutions. James Bacchus explains why most of the solutions we need must be found in local and regional partnerships of the willing that can be scaled up and linked up worldwide. This can only be achieved within new and enhanced enabling frameworks of global and other international rules that are upheld through the international rule of law. To succeed, these rules and frameworks must for the first time see and treat economy and environment as one. The Willing World explains how best we can build the right legal structure to attain our global goals – and summon and inspire the willingness needed to do it.

Moderator Ricardo Meléndez-Ortiz, Chief Executive, International Centre for Trade and Sustainable Development (ICTSD)
AquaBrowser http://wto.aquabrowser.com/?itemid=|WTO-Marc|1927312
Library catalog https://w10300fr.eos-intl.eu/W10300FR/OPAC/Details/Record.aspx?BibCode=103927531
Program https://www.wto.org//english/forums_e/public_forum18_e/pf18_session_e.htm?session=50

World Trade Report 2018

The 2018 edition of World Trade Organization’s annual World Trade Report was launched 3 October 2018 during a session of the WTO Public Forum.

World Trade Report 2018: The Future of World Trade: How Digital Technologies Are Transforming Global Commerceexamines how the Internet of things, artificial intelligence, 3D printing, and blockchain are transforming global commerce today and are likely to impact it further in the years to come. [The report] provides an economic analysis of the different ways in which these digital technologies affect international trade and tries to quantify the extent to which global trade may be affected in the next fifteen years. It also examines the consequences of this transformation of international trade for existing and future international trade co-operation.”

The session was livestreamed and featured opening remarks from DG Roberto Azevêdo, followed by a panel discussion with Abdoullah Cisse, Caroline Freund, and Susan Lund, moderated by Robert Koopman.

The report “shows that digital technologies are likely to further reduce trade costs and boost trade significantly, especially in services and for developing countries” and discusses how digital technologies can unlock savings and will significantly affect what the world trades. The report also features, for the first time, opinion pieces from external contributors, sharing their independent perspectives on what lies ahead in the future of world trade.

An executive summary of the report is available in English, French, and Spanish, and the full report can be downloaded from the WTO website in English, French, and Spanish.

More information on this publication can be found in the press release here.

To learn more about the availability of this year’s and past editions of World Trade Report through the WTO Library, in print and electronic formats, visit the publication’s record in the WTO Library catalogue.

No small hope: Towards the universal provision of basic goods

Author Kenneth A. Reinert, Schar School of Policy and Government, George Mason University

2 October 2018 13:00-14:00

No Small Hope argues in favor of an approach to global policy priorities that emphasizes the attempt to put a minimal set of basic goods and services into the hands of everyone. This universal provision of basic goods and services includes nutritious food, clean water, sanitation, health services, education services, housing, electricity, and human security services. These basic goods and services meet central and objective human needs. The basic goods approach bridges the standard growth perspective on development and the capabilities/human development perspective. It emphasizes that the expanded provision of basic goods and services is usually pro-growth and that basic goods provision is a prerequisite for the hoped-for expansion of human capabilities. The book explores each of the identified basic goods and services, their place in human rights considerations, and the many challenges to be overcome in their universal provision.

Moderator Cédric Dupont, The Graduate Institute, Geneva
AquaBrowser http://wto.aquabrowser.com/?itemid=|WTO-Marc|1927375
Library catalog https://w10300fr.eos-intl.eu/W10300FR/OPAC/Details/Record.aspx?BibCode=103950491
Program https://www.wto.org//english/forums_e/public_forum18_e/pf18_session_e.htm?session=9

Assessing the World Trade Organization: Fit for Purpose?

Authors: Manfred Elsig, Bernard Hoekman, Joost Pauwelyn.

PUBLIC FORUM 2017 — Session 88 : Meet the Author with the WTO Bookshop & Library

The World Trade Organization (WTO) recently celebrated twenty years of existence. The general wisdom is that its dispute settlement institutions work well and its negotiation machinery goes through a phase of prolonged crises. Assessing the World Trade Organization overcomes this myopic view and takes stock of the WTO’s achievements whilst going beyond existing disciplinary narratives. It also considers important issues such as the origins of the multilateral system, the accession process and the WTO’s interaction with other international organisations. The contributions shed new light on untold stories, critically review and present existing scholarship, and sketch new research avenues for a future generation of trade scholars. This book will appeal to a wide audience that aims to better understand the drivers and obstacles of WTO performance.

Multilevel Constitutionalism for Multilevel Governance of Public Goods. Methodology Problems in International Law

Author: Ernst Ulrich Petersmann

PUBLIC FORUM 2017 — Session 47 : Meet the Author with the WTO Bookshop & Library

This is the first legal monograph analysing multilevel governance of global ‘aggregate public goods’ (PGs) from the perspective of democractic, republican and cosmopolitan constitutionalism by using historical, legal, political and economic methods. It explains the need for a ‘new philosophy of international law’ in order to protect human rights and PGs more effectively and more legitimately. ‘Constitutional approaches’ are justified by the universal recognition of human rights and by the need to protect ‘human rights’, ‘rule of law’, ‘democracy’ and other ‘principles of justice’ that are used in national, regional and UN legal systems as indeterminate legal concepts. The study describes and criticizes the legal methodology problems of ‘disconnected’ governance in UN, GATT and WTO institutions as well as in certain areas of the external relations of the EU (like transatlantic free trade agreements). Based on 40 years of practical experiences of the author in German, European, UN, GATT and WTO governance institutions and of simultaneous academic teaching, this study develops five propositions for constituting, limiting, regulating and justifying multilevel governance for the benefit of citizens and their constitutional rights as ‘constituent powers’, ‘democratic principals’ and main ‘republican actors’, who must hold multilevel governance institutions and their limited ‘constituted powers’ legally, democratically and judicially more accountable.

The Great Convergence. Information Technology and the New Globalization

Author: Richard Baldwin.

PUBLIC FORUM 2017 — Session 09: Meet the Author with the WTO Bookshop & Library

Between 1820 and 1990, the share of world income going to today’s wealthy nations soared from twenty percent to almost seventy. Since then, that share has plummeted to where it was in 1900. As Richard Baldwin explains, this reversal of fortune reflects a new age of globalization that is drastically different from the old. In the 1800s, globalization leaped forward when steam power and international peace lowered the costs of moving goods across borders. This triggered a self-fueling cycle of industrial agglomeration and growth that propelled today’s rich nations to dominance. That was the Great Divergence. The new globalization is driven by information technology, which has radically reduced the cost of moving ideas across borders. This has made it practical for multinational firms to move labor-intensive work to developing nations. But to keep the whole manufacturing process in sync, the firms also shipped their marketing, managerial, and technical know-how abroad along with the offshored jobs. The new possibility of combining high tech with low wages propelled the rapid industrialization of a handful of developing nations, the simultaneous deindustrialization of developed nations, and a commodity supercycle that is only now petering out. The result is today’s Great Convergence. Because globalization is now driven by fast-paced technological change and the fragmentation of production, its impact is more sudden, more selective, more unpredictable, and more uncontrollable. As The Great Convergence shows, the new globalization presents rich and developing nations alike with unprecedented policy challenges in their efforts to maintain reliable growth and social cohesion.

Panel discussion:

Richard Baldwin, “Professor of International Economics, Graduate Institute, Geneva and Director, Centre of Economic Policy Research (CEPR), London”

Moderator: Theresa Carpenter, Executive Director, Executive Director, Graduate Institute’s Centre for Trade and Economic Integration

http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926543 or Google Books

WTO Public Forum 2017 – Day 1