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The post-war liberal economic order seems to be crumbling, placing
the world at an inflection point. China has emerged as a major
force, and other emerging economies seek to play a role in shaping
world trade and investment law. Might they band together to mount a
wholesale challenge to current rules and institutions? Emerging
Powers in the International Economic Order argues that resistance
from the Global South and the creation of China-led alternative
spaces will have some impact, but no robust alternative vision will
emerge. Significant legal innovations from the South depart from
the mainstream neoliberal model, but these countries are driven by
pragmatism and strategic self-interest and not a common ideological
orientation, nor do they intend to fully dismantle the current
ordering. In this book, Sonia E. Rolland and David M. Trubek
predict a more pluralistic world, which is neither the continued
hegemony of neoliberalism nor a full blown alternative to it.
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