Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 16 July 2019

Abstract and Keywords

This article demonstrates how a human institution can change over time, often in ways not expected by its creators and how the political and geopolitical context of the institutional activity and operation will stimulate innovation and change the legal structure. This article gives an overview of the history of the most important international economic institutions, including many unique historical developments. It mentions the importance of understanding the potential of the dispute settlement procedures, including panel and Appellate Body reports, for bringing about change or evolution in the trade rules. The general agreement on tariffs and trade (GATT) dispute settlement process had a number of problems, mostly due to its flawed origins, which are described. The broad extent and growing abundance of practice and jurisprudence in the areas of international economic activity makes international economic law a worthy subject of study in connection with the broader policy.

Keywords: human institution, legal structure, jurisprudence, economic law, political context, institutional activity

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.