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The Social Foundations of World Trade by Sungjoon Cho

The Social Foundations of World Trade

by Sungjoon Cho
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Book cover type: Paperback
  • ISBN13: 9781108441933
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 266
  • Original Price: GBP 34.0
  • Language: English
  • Edition: Reprint
  • Item Weight: 359 grams
  • BISAC Subject(s): International

As highlighted by Pascal Lamy, the former head of the WTO, world trade traditionally involves state-to-state contracts and is based on an anachronistic 'monolocation' production/trade model. It therefore struggles to handle new patterns of trade such as global value chains, which are based on a 'multilocation' model. Although it continues to provide world trade on a general level with a powerful heuristic, the traditional 'rationalist' approach inevitably leaves certain descriptive and normative blind spots. Descriptively, it fails to explain important ideational factors, such as culture and norms, which can effectively guide the behaviour of trading nations with or without material factors such as interests and utilities. Normatively, the innate positivism of the traditional model makes it oblivious to the moral imperatives of the current world trading system, such as development. This book emphatically redresses these blind spots by reconstructing the WTO as a world trade community from a social perspective.

Cho, Sungjoon: - Sungjoon Cho teaches international law, international trade law, international business transactions, and comparative law at the Chicago-Kent College of Law, Illinois Institute of Technology. He earned his LL.B. from Seoul National University and an S.J.D. from Harvard Law School. He has represented the government of the Republic of Korea in negotiations under the WTO and OECD and served as a Co-Chair of the International Economic Law Interest Group of the American Society of International Law from 2011 to 2013. He is a member of arbitration panel roster under Chapter 14 (Dispute Settlement) of the Korea-European Union Free Trade Agreement and advises the government of the Republic of Korea under various capacities.

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