Details
- Comprehensive analysis of the legal foundations of the international economy
- Coverage includes the WTO and GATT, international investment, sanctions, developing country debt and competition and intellectual property laws
- This fully updated new edition also includes discussion of the rapidly growing area of Investor-State Arbitration
- A comprehensive overview of this complex area avalable in paperback for students from the outset
New to this edition
- New chapter examining the increasingly important areas of Interstate, Investor-State, and International Commercial Arbitration
- Expanded coverage of Trade-Related Aspects of Intellectual Property
As conflict and cooperation among states turn to an ever greater extent on economic issues, this fully updated and expanded second edition presents a comprehensive exploration of the legal foundations of the international economy. It not only examines the current status of the law, but also explores the origins, political tensions and development of outcomes that are often difficult to comprehend.
Lowenfeld examines the major elements of economic law in the international arena including the World Trade Organization and its antecedents; dumping, subsidies, and other devices that alter the market; the International Monetary System, including the collapse of the Bretton Woods system; the debt of developing countries; the law of foreign direct investment, including changing perceptions of the rights of host states and multinational enterprises; and economic sanctions. The book also contains chapters on competition law, environmental law, and new chapters on intellectual property and the various forms of arbitration; demonstrating how these subjects fit into the framework of international economic law.
Professor Lowenfeld brings to his task a lifetime of practice and teaching experience to produce a book that will be of use to international lawyers and non-specialists alike.
Part I. International Economic Law
1: Economic Law and the Laws of Economics
2: Money, Exchange Rates, and the Balance of Payments
Part II. The GATT/WTO System
3: The General Agreement on Tariffs and Trade: Origins and Overview
4: Evolution of the GATT and GATT Law
5: The GATT/WTO System after the Uruguay Round: A Preliminary Survey
6: The International Exchange of Services and the Creation of GATS
Part III. Dispute Resolution
7: Dispute Resolution in the GATT, 1948-94
8: Dispute Settlement in the WTO
Part IV. The Rules of International Trade in Detail
9: The Question of Subsidies
10: Dumping and Anti-Dumping
11: Agriculture
12: Intellectual Property Law and the World Trading System by Rochelle C Dreyfuss
Part V. Beyond the World Trade Organization
13: The Environment and International Economic Law
14: Competition Law by Eleanor M. Fox
Part VI. International Investment
15: The Responsibility of Host States to Foreign Investors: Customary International Law
16: Dispute Settlement and International Investment
17: Evolving Standards of International Law on International Investment
Part VII. The International Monetary System
18: The Bretton Woods System
19: The International Monetary Fund as Amended
20: The International Monetary System and Regional Crises
21: Other Institutions of the International Monetary System
22: The European Monetary System and the Rise of the Euro
23: International Monetary Law and Private Activity
Part VIII. Economic Controls for Political Ends
24: United Nations and other Collective Sanctions
25: Economic Sanctions without Benefit of Treaty
Index of Subjects
Index of Persons.
Andreas F. Lowenfeld, Herbert and Rose Rubin Professor of International Law at New York University
Review(s) from previous edition
"Andreas Lowenfeld has written the book many were hoping he would write.... Apart from the analytical ability with which [he] outlines the structures and principles of international economic law and the abundance of enlightening historic details, one must commend the author on [his] language and style.... Lowenfeld has written a very important and delightful book... - Andreas R. Ziegler, The Swiss Review of International Economic Relations, Vol. 58, no.1, pp154-5, 2003.
"...this is an enormously worthwhile book to read. Even if one does not wholeheartedly subscribe to the conclusions, the book starts one on a journey of consideration of these increasingly important and overlooked issues. All those who have a deep interest in public and private international law should undergo that journey." - Pippa Rogerson, The Cambridge Law Journal
"There are academic books which become classics in their field shortly after publication. The two books to be reviewed here are such examples. They are already frequently cited and widely held to be authoritative." - European Journal of International Law (reviewed together with Matsushita: The World Trade Organization: Law, Practice, and Policy - 0-19-876472-3)
"... as a treatise - as an exhaustive analysis of the lex lata of international economic law - the volume succeeds splendidly...a reference book for intellectual historians, for trade practitioners, and for scholars.." - American Journal of International Law
"The volume is...impressive in its extensive coverage of all main areas of international economic law and its institutions. Case-law and practice are presented, including precious little-known information on practical arrangements collected through political statements and other difficult-to-find sources...this volume [is] not only a fundamental reference and source book but also a must for any comprehensive approach to the subject-matter" - Giorgio Sacerdoti, Italian Yearbook of International Law
