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World Trade and Local Public Interest: Trade Liberalization and National Regulatory Sovereignty

World Trade and Local Public Interest: Trade Liberalization and National Regulatory Sovereignty

Hardcover

Series: Studies in European Economic Law and Regulation, Book 19

General Law

ISBN10: 3030419193
ISBN13: 9783030419196
Publisher: Springer Nature
Published: Jul 16 2020
Pages: 269
Weight: 1.24
Height: 0.69 Width: 6.14 Depth: 9.21
Language: English

Trade liberalization has shaped international economic relations since the conclusion of the GATT 1947. The last few decades have seen a significant shift in the focus of this process: multilateralism seems to have reached its limits, giving way to regionalism, and the focus of trade liberalization has shifted to non-tariff barriers. While these developments have attracted considerable attention, exploring them from comparative perspectives has been largely neglected. Trading systems - the WTO, regional economic integrations and federal systems - are all based on the same dichotomy of free trade and local public interest: they generally prohibit the constituent parties (states) from restricting trade, but exempt them from this limitation if the restriction is warranted by a legitimate local end.

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