Discussion of trade barriers has come round - inevitably it seems - to national regimes of regulatory protection. Indeed, state regulation has the potential to undermine the very legitimacy of the global trading system. A compelling reconciliation between these two paramount values is essential. This text has a twofold purpose: to consider what has so far been accomplished in this mission in the field of international economic law, and to prescribe some solutions to continuing problems. This latter endeavour amounts to a coherent and integrated plan that will enhance the acceptability of free markets to governments, traders, and other stakeholders alike. The challenges analysed in depth here include: the development in the global trade regime of non-trade policy objectives, which still tend to be treated as mere exceptions to general obligations; the built-in emphasis on products rather than measures; the novel risks associated with the development of modern technology; the case-by-case approach of WTO jurisprudence, which generally fails to investigate whether the substance of any given domestic regulation is necessary to the policy goals of the state in question; and the "technical and economic feasibility" of complying with international trade obligations. The author conducts his analysis in a broad context encompassing the WTO system, the European Union, and the North American Free Trade Agreement. He finds that the clash, despite the particular institutional characteristics of these various organizations, is a major concern of them all. The jus gentium of international trade, he offers, is an imperative combining the good faith principle with the communitarian duty to cooperate. Exactly how to go about ordering this imperative is what this book is about.
Why have agricultural policies become more inward-looking as the world becomes increasingly interdependent economically? Disarray in World Food Markets addresses the nature and causes of this crisis in international trade policy. Its analysis of the effects of these food policies is complemented by a quantitative review of the long term trends in world food markets. The study also extensively examines the reasons why governments choose to implement distortionary policies. These issues have been widely discussed, particularly because of the interest generated by the so-called Uruguay Round of multilateral trade negotiations, held under the auspices of the GATT. Disarray in World Food Markets analyzes some of the elements of the reforms emerging from these trade negotiations and discusses what the likely benefits may be. The model on which the analysis is based has a number of features unique for its time. It incorporates thirty countries and country groups, seven food commodity groups, the dynamic properties of international food markets, the pure protection component of food and agricultural policy, as well as the insulating component of policy.
The convertible bond market has recently gained increasing significance on a global basis with particularly notable growth among very fast growing companies hungry for capital. Philip's Convertible Bond Markets is a comprehensive assessment of this market place, illustrating clearly how investors of all risk persuasions may best utilise the instrument. It will be of great interest both to academics and to professionals including equity fund managers, bond fund managers, 'swaps' teams, stock loan departments, risk controllers, treasurers and proprietary traders.
The medieval moated site at Cedars Wood was investigated in 1980 and 1999, revealing occupation evidence from the Neolithic and Bronze Age, Roman and medieval periods. The latter forms the focus of this report although other finds are listed. Occupied from the 12th to 14th century, the site is thought to have belonged to the Broughton family and comprised an area of approximately one acre enclosed by a shallow moat. This report discusses the historical background to the site, the excavations and stratigraphy and the finds, revealing why the position and features at Cedars Field make it untypical of moated sites in the region. Summaries are given in English, French and German.
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