Economic Law
International economic law
Section A: Evolution and principles of international economic law
Revised version – December 2006
S.P. Subedi
This study guide was prepared for the University of London by: Professor S.P. Subedi, OBE, MA, LLM, DPhil (Oxon.) Professor of International Law, University of Leeds
This is one of a series of study guides published by the University. We regret that owing to pressure of work the author is unable to enter into any correspondence relating to, or arising from, the guide. If you have any comments on this study guide, favourable or unfavourable, please use the form at the back of this guide.
Publications Office The External Programme University of London Stewart House 32 Russell Square London WC1B 5DN United Kingdom www.londonexternal.ac.uk Published by the University of London Press © University of London 2007 Printed by Central Printing Service, University of London
All rights reserved. No part of this work may be reproduced in any form, or by any means, without permission in writing from the publisher.
Contents
Introduction Chapter 1 1.1 1.2 1.3 Chapter 2 2.1 2.2 2.3 2.4 2.5 Chapter 3 3.1 3.2 3.3 3.4 3.5 Chapter 4 4.1 4.2 Law and economic policy: a historical overview From antiquity to empires From empires to modern nation states The aspirations of newly independent states The evolution of international economic law The history of economic development Restructuring of the world economy The dawn of the new era The height of corporate power The quest for a balanced system Fundamental principles of international economic law The definition of international economic law The basis of international economic law Economic sovereignty Permanent sovereignty over natural resources (PSNR) Fundamental principles of international economic law The institutional structure of international economic law Institutions The UN and its specialised agencies
1 7 7 8 11 13 14 16 17 18 19 21 21 22 22 23 24
35 35 36
iii
Section A: Evolution and principles of international economic law
Revised version – December 2006
S.P. Subedi
This study guide was prepared for the University of London by: Professor S.P. Subedi, OBE, MA, LLM, DPhil (Oxon.) Professor of International Law, University of Leeds
This is one of a series of study guides published by the University. We regret that owing to pressure of work the author is unable to enter into any correspondence relating to, or arising from, the guide. If you have any comments on this study guide, favourable or unfavourable, please use the form at the back of this guide.
Publications Office The External Programme University of London Stewart House 32 Russell Square London WC1B 5DN United Kingdom www.londonexternal.ac.uk Published by the University of London Press © University of London 2007 Printed by Central Printing Service, University of London
All rights reserved. No part of this work may be reproduced in any form, or by any means, without permission in writing from the publisher.
Contents
Introduction Chapter 1 1.1 1.2 1.3 Chapter 2 2.1 2.2 2.3 2.4 2.5 Chapter 3 3.1 3.2 3.3 3.4 3.5 Chapter 4 4.1 4.2 Law and economic policy: a historical overview From antiquity to empires From empires to modern nation states The aspirations of newly independent states The evolution of international economic law The history of economic development Restructuring of the world economy The dawn of the new era The height of corporate power The quest for a balanced system Fundamental principles of international economic law The definition of international economic law The basis of international economic law Economic sovereignty Permanent sovereignty over natural resources (PSNR) Fundamental principles of international economic law The institutional structure of international economic law Institutions The UN and its specialised agencies
1 7 7 8 11 13 14 16 17 18 19 21 21 22 22 23 24
35 35 36
iii