The module will introduce and examine aspects of international economic law. It will provide an overview of the legal foundations of the global economy and the regulatory frameworks governing international economic relations. It will situate international economic law within a broader understanding of its interactions with other international and national, legal and non-legal processes, and its context.
The module aims to cover the following topics (non-exhaustive):
- Introduction to the nature and sources of international economic law.
- The law of international trade, such as the rules of the World Trade Organisation and preferential trade agreements (PTAs).
- Global financial regulation and international monetary law, including the activities of the Bretton Woods institutions and sovereign debt restructuring mechanisms.
- International investment law, including the relationship between foreign direct investment and state sovereignty, substantive standards of protection and dispute settlement mechanisms.
- International economic law and development, including the role of the United Nations economic agencies, the World Bank and bilateral aid agencies.
- Multilateral environmental regulation and their impact on international economic law and relations.