The World Trading System: Law and Policy of International Economic Relations / Edition 2

The World Trading System: Law and Policy of International Economic Relations / Edition 2

by John H. Jackson
     
 

Since the first edition of The World Trading System was published in
1989, the Uruguay Round of trade negotiations has been completed, and most governments have ratified and are in the process of implementing the General
Agreement on Tariffs and Trade (GATT). In the Uruguay Round, more than 120 nations negotiated for over eight years, to produce a document

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Overview

Since the first edition of The World Trading System was published in
1989, the Uruguay Round of trade negotiations has been completed, and most governments have ratified and are in the process of implementing the General
Agreement on Tariffs and Trade (GATT). In the Uruguay Round, more than 120 nations negotiated for over eight years, to produce a document of some 26,000 pages. This new edition of The World Trading System takes account of these and other developments. Like the first edition, however, its treatment of topical issues is grounded in the fundamental legal, constitutional, institutional, and political realities that mold trade policy. Thus the book continues to serve as an introduction to the study of trade law and policy.Two basic premises of The World
Trading System are that economic concerns are central to foreign affairs, and that national economies are growing more interdependent. The author presents the economic principles of international trade policy and then examines how they operate under real- world constraints. In particular, he examines the extremely elaborate system of rules that governs international economic relations. Until now, the bulk of international trade policy has addressed trade in goods; issues inadequately addressed by policy include trade in services, intellectual property rights, certain investment measures, and agriculture.The author highlights the tension between legal rules, designed to create predictability and stability, and the governments need to make exceptions to solve short-term problems. He also looks at weaknesses of international trade policy, especially as it applies to developing countries and economies in transition. He concludes with a look at issues that will shape international trade policy well into the twenty-first century.

The MIT Press

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Product Details

ISBN-13:
9780262600279
Publisher:
MIT Press
Publication date:
10/10/1997
Edition description:
second edition
Pages:
453
Product dimensions:
5.90(w) x 8.90(h) x 1.00(d)
Age Range:
18 Years

Table of Contents

Preface
Acknowledgments
1The Policies and Realities of International Economic Regulation1
2The International Institutions of Trade: The WTO and the GATT31
3National Institutions79
4Rule Implementation and Dispute Resolution107
5Tariff and Nontariff Barriers139
6The Most-Favored-Nation Policy157
7Safeguards and Adjustment Policies175
8National Treatment Obligations and Nontariff Barriers213
9Competing Policies and Ingenious Devices229
10Unfair Trade and the Rules of Dumping247
11The Perplexities of Subsidies in International Trade279
12The Uruguay Round "New Subjects": Extending the Scope and Competence of the World Trading System305
13Economies with Special Circumstances319
14Conclusions and Perspectives339
Notes353
Index429

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