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Comparative and Foreign Law Commons

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Banking and Finance Law

Michael Ming Du

2011

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Full-Text Articles in Comparative and Foreign Law

The Rise Of National Regulatory Autonomy In The Gatt/Wto Regime, Michael Ming Du Oct 2011

The Rise Of National Regulatory Autonomy In The Gatt/Wto Regime, Michael Ming Du

Michael Ming Du

This paper sets forth two arguments. First, to respect a WTO Member’s national regulatory autonomy in the world trading system is essential to ensure the WTO’s long term success in light of the WTO’s institutional constraints, the WTO’s underlying philosophy and the WTO’s nature as an incomplete contract. Second, and contrary to many popular criticisms against the WTO’s allegedly intrusive penetration to national regulatory autonomy, this paper argues that these critics have failed to appreciate the recent WTO case law developments. Indeed, the recent WTO case law has shown that the WTO Appellate Body has quietly fine-tuned its previous jurisprudence …