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This course explores the law regulating international economic relations between estates, what role the United Nations has played, and what other international organizations including the World Bank, International Monetary Fund and the WTO have been doing.

The course examines the international legal instruments in international economic law, adapted mainly after the establishment of the UN in 1945. We also cover relevant developments that took place prior to this.

Module A: Evolution and Principles of International Economic Law

LWM31A

• Evolution of the law and economic policy
• Evolution of international economic law
• Fundamental principles of international economic law
• Institutional structure of international economic law

Module B: International Monetary and Development Law and Policy

LWM31B

• The law and practice of the World Bank
• The law and practice of the International Monetary Fund
• Financing for development
• The millennium development goals

Module C: Regulation of Foreign Investment

LWM31C

• International efforts to regulate foreign investment
• Regulation of multinational enterprises (MNEs)
• The notion of corporate social responsibility
• Multinational enterprises and human rights

Module D: Public International Law of Trade

LWM31D

• Substantive rules of the GATT/World Trade Organization system
• Institutional overview of the World Trade Organization
• Case study of the liberalisation of trade in agriculture
• Current trade agenda and the Doha Development Round

Assessment

Each module is assessed by a 45-minute unseen written exam.

Sequence

Students should study module A first.