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Trade, Aid, And Arbitrate

Trade, Aid, And Arbitrate

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  • ISBN:9780754622857
  • Editorial: Ashgate
  • Fecha de la edición:
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:306
  • Idiomas:Ingles,Inglés

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International trade and aid foment legal globalization. Before capital is offered through a variety of international networks, the emerging economies bow to the social, economic and legal principles of the industrialized. Additionally, a majority of the international institutions endorse and at times obligate international arbitration. As there is no international arbitration law, there emerges a global legal harmony based on the general principles of the main economic traders. In this way, Western law, under the doctrine of international trade custom, becomes the arbitrators' verbal icon for legal decisions based on the social and economic tenets of the industrialized nations.

This book maintains that the philosophies of the present international institutional organizations, coupled with the basic tenets of international arbitration - the lex mercatoria - hastens legal globalization and abrogates national sovereignty over international trade issues. Economic liberalism, dominating the lex mercatoria, is establishing a new world commercial legal order which inevitably shall also influence civil rights.

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