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Trade Policy Flexibility and Enforcement in the WTO: A Law and Economics Analysis

By Simon A. B. Schropp
Hardcover
$155.00
By Simon A. B. Schropp
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The World Trade Organization (WTO) is an incomplete contract among sovereign countries. Trade policy flexibility mechanisms are designed to deal with contractual gaps, which are the inevitable consequence of this contractual incompleteness. Trade policy flexibility mechanisms are backed up by enforcement instruments which allow for punishment of illegal extra-contractual conduct. This book offers a legal and economic analysis of contractual escape and punishment in the WTO. It assesses the ...

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