This module aims to provide students with an understanding of the legal and policy framework underlying various international economic exchanges. It will also encourage students to consider a range of economic, political, social and philosophical issues arising from in this field.
The course is built upon the premise that trade and finance are intimately linked. As such it focuses upon aspects of international trade law and problems of regulation after the 2008 financial crisis. Students will learn about the historical development of the key trade law institutions like the World Trade Organisation (WTO), agreements and practices that raise the question of whether existing frameworks are ‘fit for purpose’, and if not, what can be done. In the field of finance there is no single commensurate oversight body so students will consider the degrees to which there is a coherent system of regulation, why this is so, and whether such a system can – or indeed should - regulate the affairs of nation states and corporate actors.
Students will be encouraged to critically evaluate a range of contextual issues arising from the IEL system particularly in the spheres of trade and finance. Students will be asked to read a variety of articles and extracts from international agreements and legal cases within these subject themes, thereby enhancing their general understanding of the applicability of IEL rules to individual disputes, and their impact upon wider processes of trade, development, financial stability and social justice.