DISCUSSED IN 47 LEARNED ARTICLES
An appreciation by Phillip Taylor MBE and Elizabeth Taylor of Richmond Green Chambers
Published as part of the `Economic Approaches to Law' series from Edward Elgar Publishing Limited, this thought-provoking two-volume work of reference places a wealth of high quality, original academic research on the economics of international trade law literally at your fingertips, so you don't have to plough through a daunting list of academic journals to access it.
Economists and lawyers alike will find the contents of these hardback volumes impressive, incorporating, as they do, the no less than 47 essays and articles on this specific subject by top academics and published in an array of highly regarded professional and academic journals worldwide.
Like other books in this series, this is a valuable reference source in the area of law and economics, international trade of course being one of the many areas where law and economics are inextricably linked.
Writing in the introduction, editor Professor Sykes of the New York University School of Law, points out that the papers chosen for inclusion in this text all impact directly on law and legal institutions and additionally, are regarded as being pivotal in the development of the modern economic theory of trade agreements, with the emphasis throughout being theoretical rather than empirical.
The topics covered are too numerous to mention here but suffice to say that the papers presented within these two volumes are logically grouped under a total of eight major categories starting with the basic theory of trade agreements and subsequently covering such areas as most-favoured nation obligation, dispute resolution, safeguard measures, subsidies and countervailing measures, anti-dumping measures and international trade and domestic regulation. Finally, Part V of Volume II deals, in two relatively recent articles, with developing countries in the WTO.
Certainly, the work offers much to intrigue. Take the section on anti-dumping, for example, which reveals the effects of environmental regulation (or lack of it) on international trade and vice versa. `Why Are So Many Antidumping Petitions Withdrawn?' asks one rather eye-catching title, which refers to cases that are `settled' before duties can be imposed.
If you're a practitioner, economic adviser, or academic, we would say you'd do well to add this useful and extensive two-volume set to your professional library post haste.