This article provides an in-depth analysis of the at times problematic interplay of regional and bilateral treaties regulating international economic law. Though academics have long debated whether regional and bilateral instruments threaten the hegemony of the multilateral trading system, no attention has been paid to equally far-reaching tensions arising between regional and bilateral agreements themselves. Scholars have instead almost universally treated bilateral and regional commercial agreements as functionally indistinguishable. This article draws on recent empirical evidence to show that bilateral commercial agreements comprise a distinct and important mode of cooperation at times inconsistent with the aims of some regional organizations and frameworks. It also examines the likely outcomes for such conflicts of law, and incorporates the findings in a critical reassessment of the possible costs and benefits of multi-level economic integration.
Monday, January 21, 2008
Brummer: The Ties That Bind: Regionalism, Commercial Treaties, and the Future of Global Economic Integration
Chris Brummer (Vanderbilt Univ. - Law) has published The Ties That Bind: Regionalism, Commercial Treaties, and the Future of Global Economic Integration (Vanderbilt Law Review, Vol. 60, no. 5, p. 1349, October 2007). Here's the abstract: