Trade, Competition law and the WTO
(2016)
Files
No attached file found for this publication.
Details
- Authors
- Abstract
- International trade law has for a long time struggled with the idea of incorporating competition rules into the international trading system to help harness markets that transcend state borders. From the very inception of the triumvirate that sought to break away from the mercantilist and imperialist aspirations that brought about great suffering all over the world throughout the early twentieth century, there has always been debate about the appropriate form of international economic regulation needed to restore, secure and maintain peace and prosperity for all. Though this objective has meant and still means different things depending on what part of the globe one is situated, the undeniable desirability of such a mechanism is still to be matched to its feasibility in delivering on the task. It is a challenge that requires a strong sense of community and solidarity which is currently lacking in contemporary international relations, remarkably more so in international economic law, where instead, interpersonal comparisons of welfare are shunned and replaced by rational economic considerations based on efficiency rather than improving the net aggregate expected welfare of the members of our global society. Markets, just as governments, are prone to failures and therefore need regulations to help embed then into the societies that partake in them. This is equally true for global markets, for which a multilateral competition agreement is vital.
- Affiliations
Citations
Azieshi Ban, E. (2016). Trade, Competition law and the WTO. https://hdl.handle.net/2078.5/184873