Emerging Powers and the World Trading System

The Past and Future of International Economic Law

Gregory Shaffer

• Publisher: Cambridge University Press
• Year: 2021
• Print ISBN:
  9781108495196
• eBook ISBN:
  9781108851022
• Topic: Law
• Subtopic: International Law
• Index: Law

Victorious after World War II and the Cold War, the United States and its allies largely wrote the rules for international trade and investment. Yet, by 2020, it was the United States that became the great disrupter – disenchanted with the rules' constraints. Paradoxically, China, India, Brazil, and other emerging economies became stakeholders in and, at times, defenders of economic globalization and the rules regulating it. Emerging Powers and the World Trading System explains how this came to be and addresses the micropolitics of trade law – what has been developing under the surface of the business of trade through the practice of law, which has broad macro implications. This book provides a necessary complement to political and economic accounts for understanding why, at a time of hegemonic transition where economic security and geopolitics assume greater roles, the United States challenged, and emerging powers became defenders, of the legal order that the United States created.

Table of contents

• Cover
• Reviews
• Half-title page
• Title page
• Copyright page
• Dedication
• Contents
• List of Figures
• List of Tables
• Preface: The Project and Its Methodology
• Part I Legal Capacity and Transnational Legal Orders
• Part II The Cases of Brazil, India, and China
• Part III The Future of the Transnational Legal Order for Trade
• Acknowledgments
• List of Abbreviations