This study examines the causes of the financial crisis and proposes better policies at the international level. Based on a framework that sees government failure as a significant source of the problem, the study examines the new US Dodd--Frank legislation and critiques the Congressional approach...

The World Trade Organization's (WTO) Dispute Settlement Understanding is silent on the consequences for members if they comply with trade obligations, but later uncomply, resulting in similar violations as those giving rise to the original dispute. This article shows that WTO members can...

The linkage between trade and the environment stands out as an important challenge in global economic governance. Over the past decade, the WTO devoted considerable attention to this issue and included it on the agenda of the Doha Round. In parallel, the jurisprudence on trade and the...

In September 2004, then-European Commissioner for Trade Pascal Lamy released his study on the political challenge of 'collective preferences' for the world trading system. Collective preferences cause a problem for the WTO if the resulting measure violates WTO rules and yet the measure is too...

This article provides an analytical overview of one of the most important provisions in the WTO's Understanding on Rules and Procedures Governing the Settlement of Disputes. That is Article 21.5 which provides for a review of whether governmental measures taken to comply do in fact achieve...