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Optimal Regulation and the Law of International Trade : the Interface between the Right to Regulate and WTO Law

Author: Boris Rigod
Publisher: Cambridge : Cambridge University Press, 2015.
Series: Cambridge international trade and economic law, no. 18.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
Are the limitations imposed on World Trade Organization (WTO) members' right to regulate efficient? This is a question that is only scarcely, if ever, analysed in existing literature. Boris Rigod aims to provide an answer to this fundamental concern. Using the tools of economic analysis and in particular the concept of economic efficiency as a benchmark, the author states that domestic regulatory measures should  Read more...
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Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Boris Rigod
ISBN: 9781316336984 1316336980
OCLC Number: 932461739
Notes: Title from publisher's bibliographic system (viewed on 15 Dec 2015).
Description: 1 online resource (322 pages).
Series Title: Cambridge international trade and economic law, no. 18.
Other Titles: Optimal Regulation & the Law of International Trade
Responsibility: Boris Rigod.

Abstract:

Are the limitations imposed on World Trade Organization (WTO) members' right to regulate efficient? This is a question that is only scarcely, if ever, analysed in existing literature. Boris Rigod aims to provide an answer to this fundamental concern. Using the tools of economic analysis and in particular the concept of economic efficiency as a benchmark, the author states that domestic regulatory measures should only be subject to scrutiny by WTO bodies when they cause negative international externalities through terms of trade manipulations. He then suggests that WTO law, applied by the WTO judiciary can prevent WTO members from attaining optimal levels of regulation. By applying a law and economics methodology, Rigod provides an innovative solution to the problem of how to reconcile members' regulatory autonomy and WTO rules as well as offering a novel analytical framework for assessing domestic regulations in the light of WTO law.

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