With the rise of countries like China, Brazil or India, accentuated by the recent financial and debt crises in Europe and the United States, it becomes increasingly difficult to treat ‘developing countries’ as a homogeneous group, and to construct international cooperation accordingly. This course will examine the ongoing power shift by looking at specific examples taken from international economic relations: the deadlock in WTO trade negotiations and climate change talks; the legitimacy crisis of the international investment regime; the reconfiguration of international institutions (G-20, IMF and others). We will assess how emerging economies are being treated by the international trade and investment regimes and how they, in turn, have sought to reform these regimes. We will discuss specific case studies such as China’s membership in the WTO and the flood of investment disputes filed against Argentina following its financial crisis. We will also examine cross-cutting problems such as how emerging economies can effectively engage in international dispute settlement or position themselves in the face of a proliferation of preferential trade agreements and standard setting or soft law networks where traditionally the voice of developing countries has not always been heard.
This is a one credit course, meeting only during the three weeks between February 18 and March 8, 2013.
The course meeting dates are as follows: February 20, 21, 27 and 28 and March 6 and 7.
There is an any-day take-home with a paper option. Student may elect to write a longer paper for an additional credit.
Cross registration by students from other University departments is encouraged.
There are no prerequisites for this course although some background in international law would be useful.