Chapter

Conclusion: After Neoliberalism?

Andrew Lang

in World Trade Law after Neoliberalism

Published in print September 2011 | ISBN: 9780199592647
Published online January 2012 | e-ISBN: 9780191731396 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199592647.003.0010
Conclusion: After Neoliberalism?

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The late 20th-century transformation of the international trade regime came under sustained criticism almost as soon as it took recognizable shape, and by the turn of the millennium was commonly acknowledged to be in the midst of a legitimacy crisis. This concluding chapter assesses the ways in which the World Trade Organization's (WTO) legal system has responded to this crisis. Section I briefly recapitulates the events which led to the WTO's legitimacy crisis at the end of the 1990s, many of which have already been described in some detail in Chapters 2 and 3. Sections II and III describe the most significant jurisprudential trends which have arisen by way of response, focusing primarily on a growing movement towards greater deference and the ‘proceduralization’ of WTO jurisprudence involving politically sensitive domestic regulation. Section IV reflects on these jurisprudential developments, and in the light of the material covered in the previous eight chapters, attempt to assess whether they reflect an attractive, defensible, and sustainable normative foundation for global economic governance in a world ‘after neoliberalism’.

Keywords: World Trade Organization; international trade regime; legitimacy crisis; proceduralization; WTO jurisprudence; domestic regulation

Chapter.  21890 words. 

Subjects: Public International Law

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