Reassessing the trade-development nexus in international economic law: The paradigm shift in Asia-Pacific regionalism

This article reassesses the trade-development nexus in international economic law and provides the first examination of the approach to realize the United Nations Sustainable Development Goals through regional integration. It argues that the emerging New Regional Economic Order in the multi-polar sy...

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Main Author: HSIEH, Pasha L.
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2017
Subjects:
TPP
Online Access:https://ink.library.smu.edu.sg/sol_research/2456
https://ink.library.smu.edu.sg/context/sol_research/article/4414/viewcontent/ReassessingTradeDevelopmentNexusAP_2017.pdf
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spelling sg-smu-ink.sol_research-44142020-04-02T07:04:20Z Reassessing the trade-development nexus in international economic law: The paradigm shift in Asia-Pacific regionalism HSIEH, Pasha L. This article reassesses the trade-development nexus in international economic law and provides the first examination of the approach to realize the United Nations Sustainable Development Goals through regional integration. It argues that the emerging New Regional Economic Order in the multi-polar system will fortify the coalition of the developing countries in structuring the legalization of pro-development trade policy. For decades, the misconceived concept of special and differential treatment has ignored the reality of the North-South Grand Bargain and disconnected the World Trade Organization from its development objectives. The development crisis of the Doha Round requires a feasible “Plan B” for the Global South. By making interrelated theoretical and substantive claims, the article opens an inquiry into the assertive role of developing countries that prompted the paradigm shift in Asia-Pacific regionalism. The realist and dependency theories are utilized to decipher the geopolitical complexity of the rapidly evolving South-South free trade agreements. As a timely case study, the analysis is based on the creation of the Association of Southeast Asian Nations Economic Community and its implications for economic powers such as the United States and China. It provides an account of the bloc’s services trade-oriented development policy under the balance of power strategy. Finally, the article offers regulatory reform proposals on how to integrate development assistance and remove trade barriers. Transnational legal harmonization and human rights protection in line with international labor principles are also indispensable. Such reforms will strengthen the best practices for global regionalism and reinvigorate the trade-development connection in the multilateral trading system. 2017-12-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/sol_research/2456 https://ink.library.smu.edu.sg/context/sol_research/article/4414/viewcontent/ReassessingTradeDevelopmentNexusAP_2017.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Yong Pung How School Of Law eng Institutional Knowledge at Singapore Management University Sustainable Development Goals ASEAN RCEP TPP regionalism Asian Studies Transnational Law
institution Singapore Management University
building SMU Libraries
continent Asia
country Singapore
Singapore
content_provider SMU Libraries
collection InK@SMU
language English
topic Sustainable Development Goals
ASEAN
RCEP
TPP
regionalism
Asian Studies
Transnational Law
spellingShingle Sustainable Development Goals
ASEAN
RCEP
TPP
regionalism
Asian Studies
Transnational Law
HSIEH, Pasha L.
Reassessing the trade-development nexus in international economic law: The paradigm shift in Asia-Pacific regionalism
description This article reassesses the trade-development nexus in international economic law and provides the first examination of the approach to realize the United Nations Sustainable Development Goals through regional integration. It argues that the emerging New Regional Economic Order in the multi-polar system will fortify the coalition of the developing countries in structuring the legalization of pro-development trade policy. For decades, the misconceived concept of special and differential treatment has ignored the reality of the North-South Grand Bargain and disconnected the World Trade Organization from its development objectives. The development crisis of the Doha Round requires a feasible “Plan B” for the Global South. By making interrelated theoretical and substantive claims, the article opens an inquiry into the assertive role of developing countries that prompted the paradigm shift in Asia-Pacific regionalism. The realist and dependency theories are utilized to decipher the geopolitical complexity of the rapidly evolving South-South free trade agreements. As a timely case study, the analysis is based on the creation of the Association of Southeast Asian Nations Economic Community and its implications for economic powers such as the United States and China. It provides an account of the bloc’s services trade-oriented development policy under the balance of power strategy. Finally, the article offers regulatory reform proposals on how to integrate development assistance and remove trade barriers. Transnational legal harmonization and human rights protection in line with international labor principles are also indispensable. Such reforms will strengthen the best practices for global regionalism and reinvigorate the trade-development connection in the multilateral trading system.
format text
author HSIEH, Pasha L.
author_facet HSIEH, Pasha L.
author_sort HSIEH, Pasha L.
title Reassessing the trade-development nexus in international economic law: The paradigm shift in Asia-Pacific regionalism
title_short Reassessing the trade-development nexus in international economic law: The paradigm shift in Asia-Pacific regionalism
title_full Reassessing the trade-development nexus in international economic law: The paradigm shift in Asia-Pacific regionalism
title_fullStr Reassessing the trade-development nexus in international economic law: The paradigm shift in Asia-Pacific regionalism
title_full_unstemmed Reassessing the trade-development nexus in international economic law: The paradigm shift in Asia-Pacific regionalism
title_sort reassessing the trade-development nexus in international economic law: the paradigm shift in asia-pacific regionalism
publisher Institutional Knowledge at Singapore Management University
publishDate 2017
url https://ink.library.smu.edu.sg/sol_research/2456
https://ink.library.smu.edu.sg/context/sol_research/article/4414/viewcontent/ReassessingTradeDevelopmentNexusAP_2017.pdf
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