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Systemic Regulation Of Global Trade And Finance: A Tale Of Two Systems, R. Michael Gadbaw
Systemic Regulation Of Global Trade And Finance: A Tale Of Two Systems, R. Michael Gadbaw
Georgetown Law Faculty Publications and Other Works
The recent financial crisis has put enormous strains on the global systems governing international finance and trade. These two important international regulatory systems, created after World War II to promote growth and stability in the global economy, were put to the test in ways unprecedented since the 1930s. This article seeks to analyze and compare their performance as systemic regulators in the course of the crisis and concludes that the trading system performed quite well while the financial system virtually collapsed. This article seeks to account for this difference by looking at the nature of the rules and the institutions …
Eliminating Trade Remedies From The Wto: Lessons From Regional Trade Agreements, Tania Voon
Eliminating Trade Remedies From The Wto: Lessons From Regional Trade Agreements, Tania Voon
Georgetown Law Faculty Publications and Other Works
As the global financial crisis threatens to manifest in enhanced protectionism, the economic irrationality of dumping, countervailing, and global safeguard measures (so-called ‘trade remedies’) should be of increased concern to the Members of the World Trade Organization (‘WTO’). Long tolerated under the WTO agreements and perhaps a necessary evil to facilitate multilateral trade liberalisation, elimination of trade remedies is far from the agenda of WTO negotiators. However, a small number of regional trade agreements offer a model for reducing the use of trade remedies among WTO Members in the longer term, consistent with WTO rules and broader public international law.