Perrone: Speed, Law and the Global Economy: How Economic Acceleration Contributes to Inequality and Precarity

Nicolás M. Perrone (Universidad Andrés Bello) has posted Speed, Law and the Global Economy: How Economic Acceleration Contributes to Inequality and Precarity (Leiden Journal of International Law, forthcoming). Here's the abstract:

The law is implicated in many of the relations that produce inequality and precarity in the global economy. It contributes in different ways to the unequal bargaining power between states, capital and labour. One way that has attracted less attention so far relates to how the law accelerates economic relations. This article examines the role of law in the global economy by focusing not on the international economic institutions, such as the WTO, the EU or the IMF, but on the transactions that plug maquila workers and freelancers into the global economy. The argument is that the speed of these economic relations favours those who command international production, creating what Hartmut Rosa calls a ‘frenetic standstill.’ Importantly, the law can also contribute to changing these bargaining dynamics by slowing down some of these transactions and facilitating their territorial re-embedding. This strategy, however, requires a better understanding of the role of law in transnational networks of contracts as well as more state and non-state international coordination. The opposite of nationalist attitudes, such as Brexit and Trump's trade policy.