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As part of the 1947 General Agreement on Tariffs and Trade (GATT), a compromise on domestic socio-economic issues was struck and subsequently given the name 'embedded liberalism'. The Future of International Economic Integration explores the multiple dimensions of the embedded liberalism compromise, to understand its contemporary influence on both the scope and application of international trade law, and on the content and character of parallel domestic socio-economic policy space. Top international economic law scholars have contributed chapters that look at the four principal dimensions of the topic. It sets out the history and character of the embedded liberalism compromise, explores the relationship between the compromise and WTO law, explores areas of contemporary tension that invoke the principles of the compromise such as human rights, cultural diversity, and environmental protection, and investigates what future impact the compromise might have on new trade and investment agreements.
The enormous economic power of the People's Republic of China makes it one of the most important actors in the international system. Since China's accession to the World Trade Organization in 2001, all fields of international economic law have been impacted by greater Chinese participation. Now, just over one decade later, the question remains as to whether China's unique characteristics make its engagement fundamentally different from that of other players. In this volume, well-known scholars from outside China consider the country's approach to international economic law. In addition to the usual foci of trade and investment, the authors also consider monetary law, finance, competition law, and intellectual property. What emerges is a rare portrait of China's strategy across the full spectrum of international economic activity.