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Emerging Powers, Global Justice and International Economic Law - Reformers of an Unjust Order? (Paperback, 1st ed. 2021)
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Emerging Powers, Global Justice and International Economic Law - Reformers of an Unjust Order? (Paperback, 1st ed. 2021)
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The book assesses emerging powers' influence on international
economic law and analyses whether their rhetoric of reforming this
'unjust' order translates into concrete reforms. The questions at
the heart of the book surround the extent to which Brazil, Russia,
India, China, and South Africa individually and as a bloc (BRICS)
provide alternative regulatory ideas to those of 'Western' States
and whether they are able to convert their increased power into
influence on global regulation. To do so, the book investigates two
broader case studies, namely, the reform of international
investment agreements and WTO reform negotiations since the start
of the Doha Development Round. As a general outcome, it finds that
emerging powers do not radically challenge established law. 'Third
World' rhetoric mostly does not translate into practice and rather
serves to veil economic interests. Still, emerging powers provide
for some alternative regulatory ideas, already leading to a
diversification of international economic law. As a general rule,
they tend to support norms that allow host States much policy space
which could be used to protect and fulfil socio-economic human
rights, especially - but not only - in the Global South.
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