International Economic Law: 1st Edition (Hardback) book cover

International Economic Law

1st Edition

Edited by Asif H. Qureshi, Xuan Gao


2,478 pages

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Hardback: 9780415543262
pub: 2010-07-14

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The legal foundations of the international economy—which underpin both the actions of sovereign states, as well as the conduct of individuals and business entities engaged in cross-border transactions—are now more than ever a crucial site for scholarly exploration.

Indeed, with the growing impact of globalization, research in and around the subject flourishes as never before. This new four-volume collection from Routledge meets the need for an authoritative reference work to map a rapidly growing and ever more complex corpus of literature. Edited by a leading scholar, International Economic Law gathers foundational and canonical work, together with more contemporary and cutting-edge scholarship. The collection boldly identifies and elucidates International Economic Law’s critical concepts to make sense of the subdiscipline’s evolution and to garner insights into its likely development.

With a full index, together with a comprehensive introduction, newly written by the editor, which places the collected material in its historical and intellectual context, International Economic Law is an essential work of reference. For the novice or advanced student, the collection will be particularly useful as an essential database allowing scattered and often fugitive material to be easily located. And, for the more advanced scholar, as well as practitioners and policy-makers, it will be welcomed as a crucial tool permitting rapid access to less familiar—and sometimes overlooked—texts. For all users, International Economic Law will be valued as a vital one-stop research and pedagogic resource.

Table of Contents


Volume I

part 1: Theory

1. Conceptualizing International Economic Law

1. Joel P. Trachtman, ‘The International Economic Law Revolution’, University of Pennsylvania Journal of International Economic Law, 1996, 17, 33–61.

2. Donald M. McRae, ‘The Contribution of International Trade Law to the Development of International Law’, Recueil Des Cours, 1996, 260, 109–31.

2. The Phenomenon of Globalization

3. Jan Aart Scholte, ‘Defining Globalisation’, The World Economy, 2008, 31, 11, 1471–502.

3. The Washington Consensus

4. John Williamson, ‘A Short History of the Washington Consensus’ (paper commissioned by Fundacion CIDOB for a conference ‘From the Washington Consensus Towards a New Global Governance’, Barcelona, 24–5 Sept. 2004).

4. International Distributive Justice

5. Philippe van Parijs, ‘International Distributive Justice’, in Robert E. Goodin, Philip Pettit and Thomas Pogge (eds.), A Companion to Contemporary Political Philosophy (Blackwell Publishing, 2007), pp. 638–52.

6. Frank J. Garcia, ‘Global Justice and the Bretton Woods Institutions’, Journal of International Economic Law, 2007, 10, 3, 461–81.

Part 2: Fundamental Concepts

1. Sources

Customary International Economic Law

7. Stephen Zamora, ‘Is There Customary International Economic Law?’, German Yearbook of International Law, 1989, 32, 9–42.

International Economic Soft Law

8. C. M. Chinkin, ‘The Challenge of Soft Law: Development and Change in International Law’, International and Comparative Law Quarterly, 1989, 38, 850–66.

2. Participants

State Economic Development Paradigms

9. Guglielmo Verdirame, ‘The Definition of Developing Countries under the GATT and other International Law’, German Yearbook of International Law, 1996, 39, 164–97.

Non-governmental Organizations

10. Jagdish Bhagwati, ‘Non-Governmental Organizations’, In Defense of Globalization (Oxford University Press, 2004), pp. 36–48.

3. Economic Sovereignty

11. Kal Raustiala, ‘Rethinking the Sovereignty Debate in International Economic Law’, Journal of International Economic Law, 2003, 6, 4, 841–78.

12. John H. Jackson, ‘Sovereignty-Modern: A New Approach to an Outdated Concept’, American Journal of International Law, 2003, 97, 782–802.

4. Non-discrimination and Differential Treatment

13. Friedl Weiss, ‘The Principle of Non-Discrimination in International Economic Law: A Conceptual and Historical Sketch’, in Isabelle Buffard et al. (eds.), International Law between Universalism and Fragmentation: Festschrift in Honour of Gerhard Hafner (Koninklijke Brill NV, 2008), pp. 269–86.

14. Philippe Cullet, ‘Differential Treatment in International Law: Towards a New Paradigm of Inter-state Relations’, European Journal of International Law, 1999, 10, 549–82.

5. Extraterritorial Jurisdiction

15. International Bar Association, Report of the Task Force on Extraterritorial Jurisdiction (IBA, 2009), pp. 5–31.

16. Cedric Ryngaert, ‘The Limits of Substantive International Economic Law: In Support of Reasonable Extraterritorial Jurisdiction’, Facing the Limits of the Law (Springer, 2009), pp. 134–84, 237–52.

6. State Immunity

17. Hazel Fox, ‘Exceptions to State Immunity: The Concept of Commerciality’, The Law of State Immunity, 2nd edn. (Oxford University Press, 2008), pp. 502–32.

7. Constitutionalizing International Economic Law

18. Ernst-Ulrich Petersmann, ‘National Constitutions and International Economic Law’, in Meinhard Hilf and Ernst-Ulrich Petersmann (eds.), National Constitutions and International Economic Law (Kluwer, 1993), pp. 3–52.

8. Economic Human Rights

19. Terence Daintith, ‘The Constitutional Protection of Economic Rights’, International Journal of Constitutional Law, 2004, 2, 1, 56–90.

9. Economic Sanctions

20. Omer Yousif Elagab, ‘The Legality of Economic Coercion in General International Law’, The Legality of Non-Forcible Counter-Measures in International Law (Oxford University Press, 1988), pp. 190–213.

Volume II: International Monetary and Financial Law

1. Monetary Sovereignty

21. Francois Gianviti, ‘Current Legal Aspects of Monetary Sovereignty’, Current Developments in Monetary and Financial Law, 2008, 4, 3–16.

2. Exchange Arrangements

22. Joseph Gold, ‘Strengthening the Soft International Law of Exchange Arrangements’, American Journal of International Law, 1983, 77, 3, 443–89.

3. Multilateral System of Payments

23. Hector Elizalde, ‘The International Monetary Fund and Current Account Convertibility’, Current Developments in Monetary and Financial Law, 2008, 4, 1–33.

4. International Capital Transfers

24. Cynthia Crawford Lichtenstein, ‘International Jurisdiction over International Capital Flows and the Role of the IMF: Plus ca change …’, in Mario Giovanoli (ed.), International Monetary Law: Issues for the New Millennium (Oxford University Press, 2000), pp. 61–80.

5. International Liquidity: Special Drawing Rights

25. Peter B. Clark and Jacques J. Polak, ‘International Liquidity and the Role of the SDR in the International Monetary System’, IMF Staff Papers, 2004, 51, 1, 49–71.

6. IMF Conditionality

26. Ariel Buira, ‘An Analysis of IMF Conditionality’ (UNCTAD G-24, Discussion Paper No. 22, 2003).

7. Surveillance and IMF Standards and Codes

27. Domenico Lombardi and Ngaire Woods, ‘The Politics of Influence: An Analysis of IMF Surveillance’, Review of International Political Economy, 2008, 15, 5, 711–39.

28. IMF, ‘Standards and Codes: The Role of the IMF’ (IMF Factsheet, Apr. 2008).

8. International Financial Architecture

29. Mario Giovanoli, ‘A New Architecture for the Global Financial Market: Legal Aspects of International Financial Standard Setting’, in Mario Giovanoli (ed.), International Monetary Law: Issues for the New Millennium (Oxford University Press, 2000), pp. 3–59.

9. Sovereign Debt

30. Francois P. Gianviti, ‘Resolution of Sovereignty Liquidity Crises: Basic Concepts and Issues’, in Robert C. Effros (ed.), Current Legal Issues Affecting Central Banks, Vol. 5 (International Monetary Fund, 1998), pp. 309–15.

31. Robert K. Rasmussen, ‘Sovereign Debt Restructuring, Odious Debt, and the Politics of Debt Relief’, Law and Contemporary Problems, 2007, 70, 4, 249–61.

32. Anne O. Krueger and Sean Hagan, ‘Sovereign Workouts: An IMF Perspective’, Chicago Journal of International Law, 2005, 6, 1, 203–18.

Volume III: World Trade Law

1. Theory of Comparative Advantage

33. Alan O. Sykes, ‘Comparative Advantage and the Normative Economics of International Trade Policy’, Journal of International Economic Law, 1998, 1, 49–82.

2. Reciprocity in Trade Negotiations

34. J. Michael Finger, ‘A Diplomat's Economics: Reciprocity in the Uruguay Round Negotiations’, World Trade Review, 2005, 4, 1, 27–40.

3. Market Access

35. John Mo, ‘The Mystery of Market Access’, Journal of World Intellectual Property, 2000, 3, 2, 225–47.

4. National Treatment

36. Peter M. Gerhart and Michael S. Baron, ‘Understanding National Treatment: The Participatory Vision of the WTO’, Indiana International and Comparative Law Review, 2003–4, 14, 3, 505–52.

5. MFN Treatment

37. Raj Bhala, ‘The Theory of Most Favoured Nation Treatment’, Modern GATT Law (Sweet & Maxwell, 2005), pp. 43–57.

6. Unfair Trade Practices

[Item no. 38 is not yet confirmed.]

7. Regional Trade Agreements

39. Sungjoon Cho, ‘Breaking the Barrier between Regionalism and Multilateralism: A New Perspective on Trade Regionalism’, Harvard International Law Journal, 2001, 42, 2, 419–65.

8 Consensus Decision-Making

40. Claus-Dieter Ehlermann and Lothar Ehring, ‘Decision-Making in the World Trade Organization: Is the Consensus Practice of the World Trade Organisation Adequate for Making, Revising and Implementing Rules on International Trade’, Journal of International Economic Law, 2005, 8, 1, 51–75.

9. Enforcement and Transparency

Non-violation Complaint

41. Frieder Roessler and Petina Gappah, ‘A Reappraisal of Non-Violation Complaints under the WTO Dispute Settlement Procedures’, in Patrick F. J. Macrory, Arthur E. Appleton, and Michael G. Plummer (eds.), The World Trade Organization: Legal, Economic and Political Analysis, Vol. I (Springer, 2005), pp. 1372–87.

Trade Policy Review

42. Asif H. Qureshi, ‘The New GATT Trade Policy Review Mechanism: An Exercise in Transparency or "Enforcement"?’, Journal of World Trade, 1990, 24, 3, 147–60.

10. Development and Trade

Special and Differential Treatment

43. Mari Pangestu, ‘Special and Differential Treatment in the Millennium: Special for Whom and How Different?’, The World Economy, 2000, 23, 9, 1285–1302.

Aid for Trade

44. Sam Laird, ‘Aid for Trade: Cool Aid or Kool-Aid?’ (UNCTAD G-24, Discussion Paper No. 48, 2007), pp. 1–24.

Food Security

45. Ruosi Zhang, ‘Food Security: Food Trade Regime and Food Aid Regime’, Journal of International Economic Law, 2004, 7, 3, 565–84.

Process and Production Methods

46. Steve Charnovitz, ‘The Law of Environmental "PPMs" in the WTO: Debunking the Myth of Illegality’, Yale Journal of International Law, 2002, 27, 1, 59–110.

Volume IV: International Investment Law

1. Key Concepts in General International Law

International Minimum Standard

47. Rudolf Dolzer and Christoph Schreuer, ‘Customary International Law: The Emergence of a Minimum Standard’, Principles of International Investment Law (Oxford University Press, 2008), pp. 11–17.


48. M. Sornarajah, ‘The Taking of Foreign Property’, The International Law on Foreign Investment, 2nd edn. (Cambridge University Press, 2004), pp. 344–401.

Stabilization Clauses

49. F. V. Garcia-Amador, ‘State Responsibility in Case of "Stabilization" Clauses’, Journal of Transnational Law and Policy, 1993, 2, 1, 23–50.

International Corporate Social Responsibility

50. Peter Muchlinski, ‘Corporate Social Responsibility’, in Peter Muchlinski, Federico Ortino, and Christoph Schreuer (eds.), Oxford Handbook of International Investment Law (Oxford University Press, 2008), pp. 637–87.

2. Key Concepts in Investment Agreements

‘Investment’ in International Investment Law

51. M. Sornarajah, ‘The Definition of Foreign Investment’, The International Law on Foreign Investment, 2nd edn. (Cambridge University Press, 2004), pp. 7–18.

Fair and Equitable Treatment

52. Stephen Vasciannie, ‘The Fair and Equitable Treatment Standard in International Investment Law and Practice’, British Year Book of International Law, 1999, 70, 99–164.

MFN Treatment

53. Pia Acconci, ‘Most-Favoured-Nation Treatment’, in Peter Muchilinski, Federico Ortino, and Christoph Schreuer (eds.), Oxford Handbook of International Investment Law (Oxford University Press, 2008), pp. 363–406.

Volume V: International Development Law

1. Development

54. Bhupinder Chimni, ‘The Sen Conception of Development and Contemporary International Law Discourse: Some Parallels’, The Law and Development Review, 2008, 1, 1, 1–22.

2. Permanent Sovereignty over Natural Resources

55. Nico Schrijver, ‘Introduction’ and ‘Sovereignty over Natural Resources as a Basis for Sustainable Development’, Sovereignty over Natural Resources: Balancing Rights and Duties (Cambridge University Press, 1997), pp. 3–29, 368–95.

56. United Nations, Permanent Sovereignty over Natural Resources (Resolution 1803 adopted by the General Assembly, 14 Dec. 1962).

3. Right to Development

57. United Nations, Declaration on the Right to Development (adopted by the General Assembly, 4 Dec. 1986).

58. Isabella d. Bunn, ‘The Right to Development: Implications for International Economic Law’, American University International Law Review, 2000, 15, 6, 1425–68.

4. Sustainable Development

59. Marie-Claire Cordonier Segger and Markus W. Gehring, ‘The Concept of Sustainable Development, and its Meaning in International Law’, in Markus W. Gehring and Marie-Claire Cordonier Segger (eds.), Sustainable Development in World Trade Law (Kluwer, 2005), pp. 3–7.

60. Duncan French, ‘Legal Implications of Sustainable Development’, International Law and Policy of Sustainable Development (Manchester University Press, 2005), pp. 35–72.

61. Duncan French, ‘Sustainable Development and Biological Diversity’, International Law and Policy of Sustainable Development (Manchester University Press, 2005), pp. 114–67.

5. Millennium Development Goals

62. United Nations, United Nations Millennium Declaration (adopted by the General Assembly, 18 Sept. 2000).

6. Monterrey Consensus

63. Monterrey Consensus of the International Conference on Financing for Development (adopted by the International Conference on Financing for Development, 18–22 Mar. 2002).

64. Abdel Hamid Bouab, ‘Financing For Development, the Monterrey Consensus: Achievements and Prospects’, Michigan Journal of International Law, 2004, 26, 1, 359–69.

7. New International Economic Order

65. Norbert Horn, ‘Normative Problems of a New International Economic Order’, Journal of World Trade Law, 1982, 16, 4, 338–51.

66. United Nations, Charter of Economic Rights and Duties of States (adopted by the General Assembly, 12 Dec. 1974).

67. United Nations, Declaration on the Establishment of a New International Economic Order (adopted by the General Assembly, 1 May 1974).

68. United Nations, Programme of Action on the Establishment of a New International Economic Order (adopted by the General Assembly, 12 Dec. 1974).

69. United Nations, International Covenant on Economic, Social and Cultural Rights, International Covenant on Civil and Political Rights and Optional Protocol to the International Covenant on Civil and Political and Political Rights (adopted by the General Assembly, 16 Dec. 1966).

8. Good Governance and Global Governance

70. Thomas G. Weiss, ‘Governance, Good Governance and Global Governance: Conceptual and Actual Challenges’, Third World Quarterly, 2000, 21, 5, 795–814.

71. Indira Carr, ‘Corruption, Legal Solutions and Limits of Law’, International Journal of Law in Context, 2007, 3, 3, 227–55.

Volume VI: International Fiscal Law

1. International Fiscal Law Defined

72. Arnold A. Knechtle, ‘The Concept of International Fiscal Law’, trans. W. E. Weisflog, Basic Problems in International Fiscal Law (HEL Ltd, 1979), pp. 11–16, 207.

2. Worldwide versus Residence Taxation

73. Angel Schindel and Adolfo Atchabahian, ‘Source and Residence: New Configuration of their Principles: General Report’, Cahiers de Droit Fiscal International, 2005, 90, 21–99.

3. Fiscal Sovereignty and Jurisdiction

74. Asif H. Qureshi, ‘The Freedom of a State to Legislate in Fiscal Matters Under General International Law’, Bulletin for International Fiscal Documentation, 1987, 41, 1, 16–21.

4. Key Concepts in Double Taxation Relief and Tax Evasion and Avoidance

75. United Nations, ‘International Double Taxation’, Manual for the Negotiation of Bilateral Tax Treaties between Developed and Developing Countries (UN, 2003), pp. 9–32.

76. United Nations, ‘International Tax Evasion and Avoidance’, Manual for the Negotiation of Bilateral Tax Treaties between Developed and Developing Countries (UN, 2003), pp. 33–52.

5. Non-discrimination

77. Luc Hinnekens and Philippe Hinnekens, ‘Non-discrimination at the Crossroads of International Taxation: General Report’, Cahiers de Droit Fiscal International, 2008, 93, 2008, 15–54.

78. Avv. Pietro Adonnino, ‘Non-discrimination Rules in International Taxation: General Report’, Cahiers de Droit Fiscal International, 1993, 78, 19–71.

6. Permanent Establishment

79. Jacques Sasseville and Arvid A. Skaar, ‘Is There a Permanent Establishment? General Report’, Cahiers de Droit Fiscal International, 2009, 94a, 17–63.

7. Non-enforcement of Tax Claims

80. Barbara A. Silver, ‘Modernizing the Revenue Rule: The Enforcement of Foreign Tax Judgments’, Georgia Journal of International and Comparative Law, 1992, 22, 3, 609–33.

8. Harmful Tax Competition

81. Michael Littlewood, ‘Tax Competition: Harmful to Whom?’, Michigan Journal of International Law, 2004, 26, 1, 411–87.

9. Calculation of Multijurisdictional Company Profits

Unitary Taxation

82. Michael J. McIntyre, ‘Design of a National Formulary Apportionment Tax System’ (paper presented at 84th Annual Conference of the National Tax Association, 12 Nov. 1991, at Williamsburg, VA), pp. 1–11.

Transfer Pricing

83. Reuven S. Avi-Yonah, ‘Transfer Pricing’, International Tax as International Law (Cambridge University Press, 2007), pp. 102–23.

About the Series

Critical Concepts in Law

Critical Concepts in Law
The Routledge Major Works series are designed to meet research, reference and teaching needs. The Critical Concepts in Law series includes titles for many areas of the broad subject - with titles including Law and Development, International Law and Feminist Legal Studies, to name but a few in this far reaching series. Over the course of the year the series is set to see a number of new additions.

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BUSINESS & ECONOMICS / International / General
LAW / General