The Future of International Economic Integration
The Embedded Liberalism Compromise Revisited

Responds to current world events and offers 'a rich resource for initiating new conversations about potential futures for the trade regime'.

Gillian Moon (Edited by), Lisa Toohey (Edited by)

9781316510179, Cambridge University Press

Hardback, published 27 September 2018

266 pages, 1 table
23.5 x 15.6 x 1.8 cm, 0.49 kg

'History is full of ironies; we live in a time when the rule of law and embedded liberalism is under threat from policymakers in two of the countries that designed the longstanding mix of domestic and international trade policies that has kept economic peace and stimulated economic growth. This important edited volume by Professors Gillian Moon and Lisa Toohey rethinks the embedded liberalism concept and reminds us why it deserves both our understanding and support today.' Susan Aaronson, George Washington University, Washington DC, and Senior Fellow, Centre for International Governance Innovation

As part of the 1947 General Agreement on Tariffs and Trade (GATT), a compromise on domestic socio-economic issues was struck and subsequently given the name 'embedded liberalism'. The Future of International Economic Integration explores the multiple dimensions of the embedded liberalism compromise, to understand its contemporary influence on both the scope and application of international trade law, and on the content and character of parallel domestic socio-economic policy space. Top international economic law scholars have contributed chapters that look at the four principal dimensions of the topic. It sets out the history and character of the embedded liberalism compromise, explores the relationship between the compromise and WTO law, explores areas of contemporary tension that invoke the principles of the compromise such as human rights, cultural diversity, and environmental protection, and investigates what future impact the compromise might have on new trade and investment agreements.

Contributor biographies
Foreword Andrew Lang
Preface
List of acronyms
Part I. The Concept of the Embedded Liberalism Compromise: 1. Introduction to the embedded liberalism compromise Gillian Moon and Lisa Toohey
2. The embedded liberalism compromise in the making of the GATT and Uruguay Round Agreements Meredith Kolsky Lewis
3. The embedded liberalism compromise as touchstone in times of political turmoil Lisa Toohey
4. Universal human rights in the embedded liberalism compromise Gillian Moon
5. Recalibrating the embedded liberalism compromise: 'legitimate expectations' and international economic law Chios Carmody
Part II. The Dynamic of the Embedded Liberalism Compromise: 6. From agriculture to food security: embedded liberalism and stories of regulatory failure Fiona Smith
7. Embedded liberalism and national treatment: the case of Taiwan's Mijiu taxation Hsu-Hua Chou and Weihuan Zhou
8. Embedded liberalism and international investment agreements: the future of the right to regulate, with reflections on WTO law Catharine Titi
9. Regulatory coherence in future free trade agreements and the idea of the embedded liberalism compromise Andrew D. Mitchell and Elizabeth Sheargold
Part III. Engineering the Embedded Liberalism Compromise: Addressing the Future in Times of Turmoil: 10. Embedded liberalism as a framework for description, critique and advocacy: the case of human rights measures under the GATT Rachel Harris
11. Embedded liberalism and global business: domestic stability versus corporate autonomy? Justine Nolan and Gillian Moon
12. The embedded liberalism compromise and cultural policy measures. Maintaining cultural diversity alongside WTO law Franziska Sucker
13. The WTO's purpose, regulatory autonomy and the future of the embedded liberalism compromise Emily Reid.

Subject Areas: International organisations & institutions [LBBU], International economic & trade law [LBBM]