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The Social Foundations of World Trade: Norms, Community and Constitution

The Social Foundations of World Trade: Norms, Community and Constitution

Name: The Social Foundations of World Trade: Norms, Community and Constitution
Brand: Cambridge University Press
SKU: 9781108441933
Price: 428.74 HKD
Availability: InStock
Author: Sungjoon Cho
ISBN: 9781108441933

By Sungjoon Cho

Cambridge University Press September 2017

Specifications

ISBN-13: 9781108441933
Publisher: Cambridge University Press
Publication: September 2017
Format: Paperback
Jurisdiction: U.K. ? Countri(es) for reference only

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Hardback

Details

As highlighted by Pascal Lamy, the former head of the WTO, world trade traditionally involves state-to-state contracts and is based on an anachronistic 'monolocation' production/trade model.

It therefore struggles to handle new patterns of trade such as global value chains, which are based on a 'multilocation' model. Although it continues to provide world trade on a general level with a powerful heuristic, the traditional 'rationalist' approach inevitably leaves certain descriptive and normative blind spots.

Descriptively, it fails to explain important ideational factors, such as culture and norms, which can effectively guide the behaviour of trading nations with or without material factors such as interests and utilities. Normatively, the innate positivism of the traditional model makes it oblivious to the moral imperatives of the current world trading system, such as development.

This book emphatically redresses these blind spots by reconstructing the WTO as a world trade community from a social perspective.

1. Introduction: reconstructing the world trading system

2. Two frameworks on an international organization

3. The world trade community

4. Norms and discourse: the internal operation of the world trade community

5. The world trade constitution: external relationships of the world trade community

6. Evaluation: the legitimacy of the world trade community

7. Conclusion: building the world trade community.

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