The multilateral trading system privileges a perspective in which trade policies are appraised primarily in terms of their exchange value — their capacity to be exchanged for modifications in other countries’ trade policies — rather than their use value — their utility for the country that has adopted them. The article traces the marginalisation of use value in multilateral trade lawmaking and explores the ramifications of treating trade policies themselves as tradable commodities.
Tuesday, February 16, 2016
Lamp: Value and Exchange in Multilateral Trade Lawmaking
Nicolas Lamp (Queen's Univ., Canada - Law) has posted Value and Exchange in Multilateral Trade Lawmaking (London Review of International Law, forthcoming). Here's the abstract: