International economic law covers a vast range of rules and principles on economic conduct and relations between states, international organizations and private actors, both individuals and corporations. This chapter deals with the most fundamental areas of the law: the international law of trade, international investment law and international monetary law. It introduces the World Trade Organization and the most important principles governing international trade, including those contained in the General Agreement on Tariffs and Trade. It presents international monetary law, with a particular emphasis on the role and activities of the International Monetary Fund. It also discusses the international regulation of international investments and the most important principles thereof, including those that govern expropriation of foreign property.
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11. International economic law
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6. The Global Economy
Celebrated for their conceptual clarity, titles in the Clarendon Law Series offer concise, accessible overviews of major fields of law and legal thought. This chapter presents a survey of international economic law. It discusses the creation of the Bretton Woods system, the General Agreement on Tariffs and Trade (GATT), and the Havana Conference. It considers the roles of the World Bank, the International Development Association, the International Finance Corporation, the International Centre for the Settlement of Investment Disputes, the Multilateral Investment Guarantee Agency, the International Monetary Fund, and the World Trade Organization. It also looks into commodity and energy agreements and regional economic arrangements.
