International Economic Law and Policy Blog (Page 378)

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The Great Trade Debate: Griswold - Trade barriers rob from the many to benefit a few special interests

by Daniel Griswold As we wrap up our debate, let me grant Ian’s point that free trade alone is not a magic bullet that by itself delivers prosperity. Economic success also depends on secure property rights, the rule of law, stable money, functioning domestic markets, and moderate levels of

AD/CVD Injury in Domestic Courts?

Remember a few weeks ago when Senator Arlen Specter asked Obama the following: The first part of my question is, would you support more effective remedies to allow injured parties -- unions which lose jobs, companies which lose profits -- by endorsing a judicial remedy, if not in U.S.

The Great Trade Debate: Fletcher - Reply to Dan Griswold #2

Ian Fletcher Some of Dan’s arguments continue to be mere distractions. Taking North Korea and Burma as proof of the harm of a no-trade (or close to it) policy falls down on the fact that North Korea has a communist economy and Burma a quasi-socialist state-controlled one, economic defects

The Great Trade Debate: Griswold - Our More Globalized World has Seen Poverty Fall and Freedom Rise

by Daniel Griswold Free Trade has endured since Adam Smith as a robust theory, and it has proven itself in practice across the decades as being superior to government restrictions. There is nothing new in Ian’s theoretical critique of free trade. In a 1996 book, Against the Tide: An

"Preventing and Managing Investment Treaty Conflict" Symposium at Wash. & Lee

Speaking of investor-state disputes, as I was yesterday, it looks like many of the big names in the field will be assembling for a conference soon: On March 29, 2010, Washington and Lee School of Law will host a Joint Symposium with the United Nations Conference on Trade and Development

Customs Classification at the CIT and the WTO

Multiple branches of government can be a real pain sometimes. In the ongoing WTO EC - IT Products dispute (DS375, and also DS376 and DS377 brought by Japan and Chinese Taipei), the U.S. (that is, USTR) argued that the EC's reclassification of certain monitors in a way

Discrimination Arguments in the AbitibiBowater NAFTA Chapter 11 Claim

Taking a quick break from the big picture questions in the Great Trade Debate, I'm going to bring up a very narrow and technical trade issue: How to apply a non-discrimination standard in the NAFTA Chapter 11 context. As was widely reported last week, AbitibiBowater is going ahead

Jim Bacchus on Global Financial Regulation: The GATT vs. The WTO

Former Appellate Body Member Jim Bacchus would like to see a "financial GATT," but not a "financial WTO": U.K. Chancellor of the Exchequer Alistair Darling has summed up the case for international coordination. "If everyone does their own thing it will achieve absolutely nothing.

Trade and ... Censorship, Marijuana and Abortion

It's not a sophisticated legal analysis, but I found this blogger's points to be interesting in terms of how non-specialists see the scope of trade rules: When business people are in doubt, they can always claim unfair trade in order to tap government diplomats and the

Ron Kirk's Senate Finance Testimony on the 2010 Trade Agenda

Todd Tucker of Eyes on Trade live blogged it. See his post for some basic details, or watch the video here. I'll just mention a couple points (a rough transcription, not verbatim) that struck me as interesting. First, Senator Grassley expressed concerns about the possibility of incorporating labor