The Law of Globalization

The Law of Globalization

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There is a growing clamor aۥ particularly from the main beneficiaries of globalization aۥ that rules need to be established to govern the international economy, with a specific focus on questions such as copyright violations, trade sanctions, and protections for increased foreign investment. While there is little doubt that globalization is a major contributor to changes in the definition, boundaries and nature of law, the question remains as to how much law and regulation from different sources is compatible with the assumptions of economic globalization. From a market perspective the point at which state law and regulation move from 'legitimate' non-economic interests into the 'illegitimate' restriction of trade and investment will materialize much sooner than it will from other perspectives. These theoretical questions arise in concrete form for the decisions of international economic institutions such as the WTO. This thoughtful work focuses on the different forms of law which create the legal infrastructure of economic globalization and on how they interact with one another. It also explains how law is used both to maintain and oppose aspects of globalization. In addition it evaluates the governance of the global political economy in terms of the standards of the Rule of Law.An Introduction Laurence Boulle ... In 2007 foreign direct investment (FDI) flows to developing countries increased for the fourth consecutive year to USD 1 trillion .58 ... 41 and 26 billion respectively.61 These are both important features of modern economic globalization facilitated by liberalized ... /rpfxf07t.pdfagt;. 58. UNCTAD Development and Globalization: Facts and Figures 2008 at alt;www.;...

Title:The Law of Globalization
Author:Laurence Boulle
Publisher:Kluwer Law International - 2009


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