Correcting TwaillS Blind Spots: A Plea for a Pragmatic Approach to International Economic Governance

2015 ◽  
Author(s):  
Antonius Rickson Hippolyte
Keyword(s):  
International Economic ◽  
Economic Governance ◽  
Pragmatic Approach ◽  
Blind Spots

Correcting twail’s Blind Spots

2016 ◽  
Vol 18 (1) ◽  
pp. 34-52
Author(s):  
Antonius R. Hippolyte
Keyword(s):  
International Economic ◽  
International Trade ◽  
International Law ◽  
Foreign Investment ◽  
Third World ◽  
Economic Governance ◽  
Trade Regimes ◽  
Blind Spots

Third World Approaches to International Law (twail) may serve as an apt critique for examination of international economic governance from a Third World angle, given its intimate concern for the welfare of these States in international law. twail’s critique has improved significantly in terms of quality and quantity. Nevertheless, the critique continues to be plagued by a fundamental shortcoming, namely, it merely critiques international law systems and fails to provide suggestions for reforming them to suit the needs of Third World States. This is particularly true in relation to its critique of international economic governance. While twail has produced numerous critiques of the foreign investment and international trade regimes since its emergence, these have failed to provide any constructive suggestions for improvement in these areas. twail should therefore aspire to be more than a tool of system criticism and offer practical solutions to improve Third World States’ place within this system.

scholarly journals Global Economic Governance After the Crisis

2012 ◽  
Vol 13 (Supplement) ◽  
pp. 1-12 ◽  
Author(s):  
Jeffry Frieden
Keyword(s):  
International Economic ◽  
Political Economy ◽  
Public Goods ◽  
Global Governance ◽  
Great Increase ◽  
National Level ◽  
Economic Governance ◽  
Economic Problems ◽  
International Public Goods ◽  
Global Economic Governance

Abstract It has become common to insist that contemporary international economic problems require a great increase in the extent of “global governance” of economic affairs. This desire, understandable as it may be, confronts a series of major obstacles. First, the normative case for global governance is more difficult to justify, and more complex, than is usually recognized, and requires consideration of both economic and political-economy principles. Second, in practice, the provision of governance at the supra-national level - that is, of international public goods - depends largely on support from powerful and concentrated interests. Third, this dynamic means that the types of international public goods provided, the way they are provided, and the governance structures erected around them are biased in favor of their strongest supporters, and are therefore likely to be a source of continuing controversy.

scholarly journals (Un)Sustainable Development(s) in International Economic Law: A Quest for Sustainability

2018 ◽  
Vol 10 (11) ◽  
pp. 4022 ◽  
Author(s):  
Anna Aseeva
Keyword(s):  
International Economic ◽  
Sustainable Development ◽  
Paradigm Shift ◽  
Public Institutions ◽  
Economic Governance ◽  
Ongoing Debate ◽  
Private Companies ◽  
Economic Law ◽  
International Economic Law ◽  
Over Exploitation

This article aims to contribute to the ongoing debate on post-capitalist economy by exploring the contours of a sustainability-oriented model of economic governance. To this end, the article analyzes the issues of sustainable development in the three main strands of international economic law (trade, investment, and finance) at national and transnational levels. The analysis reveals a policy interdependence between international economic law and sustainable development. The latter hence represents a specific regulatory construct that aims at compensating the losses of exhaustible resources with investments in technology and knowledge. This, however, merely justifies and legitimizes the over-exploitation of certain parts of the globe, including not only their natural resources, but also human and other capitals. To overcome these unsustainable models, the article proposes a paradigm shift away from the standard of sustainable development in international economic law, towards one of sustainability. The idea is to replace sustainable development with sustainable economy. Law can act as a trigger of such a shift through ensuring trust and cooperation between public institutions, private companies, civil society, local communities, and individual citizens.

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