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The New Global Trading Order - The Evolving State and the Future of Trade (Hardcover)
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The New Global Trading Order - The Evolving State and the Future of Trade (Hardcover)
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The international institutions that have governed global trade
since the end of World War II have lost their effectiveness, and
global trade governance is fractured. The need for new institutions
is obvious, and yet, few proposals seem to be on offer. The key to
understanding the global trading order lies in uncovering the
relationship between trade and the State, and how the inner
constitution of Statecraft drives the architecture of the global
order and requires structural changes as the State traverses
successive cycles. The current trade order, focused on the
liberalization of trade in goods and services and the management of
related issues, is predicated on policies and practices that were
the product of a global trading order of the 20th-century modern
nation-states. Today, a new form of the State - the post-modern
State - is evolving. In this book, the authors propose a new trade
norm - the enablement of global economic opportunity - and a new
institution - the Trade Council - to overhaul the global trading
order.
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