The Resource The 2018 American and Chinese trade wars risk undermining the world trading system and constitutional democracies, Ernst-Ulrich Petersmann, (electronic resource)

The 2018 American and Chinese trade wars risk undermining the world trading system and constitutional democracies, Ernst-Ulrich Petersmann, (electronic resource)

Label
The 2018 American and Chinese trade wars risk undermining the world trading system and constitutional democracies
Title
The 2018 American and Chinese trade wars risk undermining the world trading system and constitutional democracies
Statement of responsibility
Ernst-Ulrich Petersmann
Creator
Language
eng
Summary
The American and Chinese trade wars of 2018 risk undermining not only the law of the World Trade Organization (WTO, section I). As tariffs tax and restrict domestic citizens and redistribute their income, illegal import tariffs (e.g. as imposed by US President Trump) - and the collective undermining of the WTO Appellate Body and dispute settlement system - also run counter to the democratic mandates given by parliaments when they approved the 1994 WTO Agreement and incorporated it into domestic legal systems, as illustrated by trade laws and policies in the USA (section II) and in the European Union (EU, section III). Multilevel governance of global public goods (PGs) - like the WTO trading system, which has helped to lift billions of people out of poverty by promoting unprecedented economic welfare, transnational rule of law and compulsory third-party dispute settlements - cannot remain effective if citizens and democratic institutions fail to hold their governments democratically and legally accountable for violating 'PGs treaties' (section IV). This contribution uses the example of the USA and the EU for arguing that constitutional democracies - including Asian democracies like India, Korea and Japan - must adopt more specific trade legislation protecting the WTO legal system. Multilevel governance of transnational PGs requires empowering citizens, parliaments and courts of justice to limit populist abuses of trade policy powers to tax and restrict citizens in manifestly illegal ways reducing general consumer welfare, non-discriminatory competition and rule of law
Member of
Cataloging source
IT-FiEUI
http://library.link/vocab/creatorName
Petersmann, Ernst-Ulrich
Index
no index present
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
Series statement
  • EUI working papers. LAW
  • EUI papers
Series volume
2018/17
Label
The 2018 American and Chinese trade wars risk undermining the world trading system and constitutional democracies, Ernst-Ulrich Petersmann, (electronic resource)
Link
http://hdl.handle.net/1814/59444
Instantiates
Publication
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb
Extent
1 online resource (37 pages).
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088465292
Label
The 2018 American and Chinese trade wars risk undermining the world trading system and constitutional democracies, Ernst-Ulrich Petersmann, (electronic resource)
Link
http://hdl.handle.net/1814/59444
Publication
Bibliography note
Includes bibliographical references
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier.
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent.
Control code
FIEb
Extent
1 online resource (37 pages).
Form of item
online
Media category
computer
Media MARC source
rdamedia.
Media type code
  • c
Specific material designation
remote
System control number
(OCoLC)1088465292

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