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Unimpeded world trade is still a dream. We may have virtually eliminated borders, but persistent discriminatory measures within borders in the shapes of restrictive investment policies, inappropriate regulatory interference, and restraints on competition still have the power to stifle foreign entrants to domestic markets. Completing the World Trading System proposes to confront these trade-distorting forces at a new round of the World Trade Organization (WTO). Drawing on many years of international trade law practice and policymaking, the authors present a detailed agenda designed to: deepen market access for all goods, services, and intellectual property facilitate and protect investment by foreign enterprises overcome disparities of national regulatory schemes ensure nondiscriminatory business operation in foreign markets reinforce and support evolving international economic realities This timely, forward-looking book also shows how major regional trading arrangements have in fact achieved deeper economic integration than the WTO regime. Incorporating this evidence--as well as other proposals from the academic and policy communities-- Completing the World Trading System crystallizes the most important trends in current international trade law.
For the present edition four chapters have been added which form the fourth 1 part at the end of the book . Entitled The triumph of neoliberalism , the new partexplains how theimplementation worldwide oftheneoliberal agenda paved the way for the present crisis. As a matter of fact, the evidence provided in chapter 9 suggests that the present crisis already began to build up in the mid-1970s. It is around 1975 that (real) US wages reached a peak-level they would never regain in f- lowing decades. It was also around 1975 that the number of strikes began to fall sharply. The mid-1970s also marked the beginning of a huge in ow of immigrants (in large part of Hispanic origin) into the United States. The in ated supply of labor depressed wages and this had the consequence that consumption could be increased only by an unprecedented development of credit. Perhaps the reader may think that to blame the prevailing economic system for the unfolding depression is a fairly common and all too easy temptation.
AÂ comprehensive overview of trading and risk management in the energy marketsÂ
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