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Trade policy flexibility and enforcement in the World Trade Organization : = a law and economics analysis /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Trade policy flexibility and enforcement in the World Trade Organization :/ Simon A.B. Schropp.
Reminder of title:	a law and economics analysis /
remainder title:	Trade Policy Flexibility & Enforcement in the WTO
Author:	Schropp, Simon A. B.
Description:	1 online resource (xviii, 360 pages) :digital, PDF file(s). :
Notes:	Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:	Foreign trade regulation - Economic aspects. -
Online resource:	https://doi.org/10.1017/CBO9780511674570
ISBN:	9780511674570 (ebook)

Trade policy flexibility and enforcement in the World Trade Organization : = a law and economics analysis /
Schropp, Simon A. B.

Trade policy flexibility and enforcement in the World Trade Organization :a law and economics analysis /Trade Policy Flexibility & Enforcement in the WTOSimon A.B. Schropp. - 1 online resource (xviii, 360 pages) :digital, PDF file(s). - Cambridge international trade and economic law ;1. - Cambridge international trade and economic law ;12..

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

Introduction : trade policy flexibility in the WTO-vice or virtue? -- Complete contracts and the contracting ideal -- Incomplete contracting and the essence of flexibility -- Adding context : the WTO as an incomplete contract -- Analyzing the system of non-performance in the WTO -- Theorizing about the WTO as an efficient "breach" contract -- Towards an efficient "breach" contract : an agenda for reform.

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 interrelation between contractual incompleteness, trade policy flexibility mechanisms, contract enforcement, and WTO Members' willingness to co-operate and to commit to trade liberalization. It contributes to the body of WTO scholarship by providing a systematic assessment of the weaknesses of the current regime of escape and punishment in the WTO, and the systemic implications that these weaknesses have for the international trading system, before offering a reform agenda that is concrete, politically realistic, and systemically viable.

ISBN: 9780511674570 (ebook)Subjects--Corporate Names:

557543
World Trade Organization.
Subjects--Topical Terms:

801484
Foreign trade regulation
--Economic aspects.

LC Class. No.: K4610 / .S37 2009

Dewey Class. No.: 380.1

Trade policy flexibility and enforcement in the World Trade Organization : = a law and economics analysis /
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505 0 $a Introduction : trade policy flexibility in the WTO-vice or virtue? -- Complete contracts and the contracting ideal -- Incomplete contracting and the essence of flexibility -- Adding context : the WTO as an incomplete contract -- Analyzing the system of non-performance in the WTO -- Theorizing about the WTO as an efficient "breach" contract -- Towards an efficient "breach" contract : an agenda for reform.
520 $a 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 interrelation between contractual incompleteness, trade policy flexibility mechanisms, contract enforcement, and WTO Members' willingness to co-operate and to commit to trade liberalization. It contributes to the body of WTO scholarship by providing a systematic assessment of the weaknesses of the current regime of escape and punishment in the WTO, and the systemic implications that these weaknesses have for the international trading system, before offering a reform agenda that is concrete, politically realistic, and systemically viable.
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