Bradgate's Commercial Law provides comprehensive coverage of the principles of commercial law alongside critical discussion. It offers rigorous in-depth analysis and a modern, contextual approach which draws links to the practice of commercial law. This edition includes new chapters on international trade, foreign investment, and the future trajectory of the subject. There is expanded coverage of territorial matters, the law of the sea, and maritime delimitation, with the aim to reflect advances in the area. Also, chapters have been updated to include detailed explanation of topics such as international organisations, international environmental law, the law of treaties, and legal subjects. All chapters have been revised to incorporate new developments and all major judgments in the area.
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21. International Law and the Global Economy
Paola Gaeta, Jorge E. Viñuales, and Salvatore Zappalà
This chapter discusses the historical development and contemporary operation of international economic law, with a focus on trade, development, and monetary and investment relations. It pays particular attention to the emergence of the system with the 1944 Bretton Woods Conferences establishing the IMF and the World Bank, the adoption of the GATT in 1947, the revindications and influence of developing countries on the evolution of the system (with the declaration of a New International Economic Order), and the contemporary law of international trade (under the World Trade Organization) and foreign investment transactions (under investment agreements protected by investment arbitration organized under the ICSID).
