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  3. The Law, Economics and Politics of Retaliation in WTO Dispute Settlement
  • Cited by 28
Publisher:
Cambridge University Press
Online publication date:
February 2010
Print publication year:
2010
Online ISBN:
9780511674594
DOI:
https://doi.org/10.1017/CBO9780511674594
Subjects:
Economics, International Economics, Law, International Trade Law
Series:
Cambridge International Trade and Economic Law (3)
Information

Book description

The WTO allows its members to retaliate in the face of continued non-compliance. After more than ten years' operation and ten arbitration disputes, this volume assesses the law, economics and politics of trade sanctions in WTO dispute settlement. Including more than thirty contributions from leading academics, trade diplomats and practitioners, it offers a thorough analysis of the legal rules on permissible WTO retaliation as well as an assessment of the economic rationale and calculations behind the mechanism. In addition, it provides first hand experiences of those countries that have obtained WTO authorisation to retaliate, ranging from the United States and the EC to Mexico and Antigua. In this assessment, the question of how to make the system work also for small countries is paramount. Finally, the volume spells out lessons that could be learned from related fields such as remedies for non-compliance in investment arbitration and competition or anti-trust regimes.

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