Dawar | The Legality of Bailouts and Buy Nationals: International Trade Law in a Crisis | Buch | 978-1-5099-0824-0 | www.sack.de

Buch, Englisch, Band 17, 272 Seiten, Hardback, Format (B × H): 161 mm x 241 mm, Gewicht: 563 g

Reihe: Hart Studies in Competition La

Dawar

The Legality of Bailouts and Buy Nationals: International Trade Law in a Crisis


Erscheinungsjahr 2017
ISBN: 978-1-5099-0824-0
Verlag: HART PUB

Buch, Englisch, Band 17, 272 Seiten, Hardback, Format (B × H): 161 mm x 241 mm, Gewicht: 563 g

Reihe: Hart Studies in Competition La

ISBN: 978-1-5099-0824-0
Verlag: HART PUB


"This book offers a well-argued and insightful critical assessment of the shortcomings of international trade and competition rules in tackling interventionist State measures in the context of an economic crisis. Dawar offers an evidence-rich account of the challenges that State protectionism creates for international trade liberalisation and for the protection of competition in international markets. Her insights will be particularly interesting in the context of current events leading to another surge of State economic interventionism, both for academics and for policy-makers with an interest in international trade."
Dr Albert Sanchez-Graells, University of Bristol Law School

"This book bursts the bubble of the self-congratulatory attitude that existing institutions, which were set up to discipline governments from a race to the bottom on economic policy, worked well after the financial crisis. These institutions may have prevented tariff wars, a big achievement compared to the time of the Great Depression. But they went along with the subsidies and state aid that governments put in place after 2007. Such flexibility on economic policy is essential in turbulent times. But these institutions are undermined if flexibility comes with a race to the bottom that shifts money away from policies for the more marginalized sections of society. At a time when the left behinds are changing the political landscape of the world, Kamala's book debunks the myth of the success of existing institutions in containing the economic fallout of the global financial crisis. It gives a sobering warning of what might unfold when institutions deal with economic challenges by turning a blind eye to their own rules for checking unfair competition."
Dr Swati Dhingra, Senior Lecturer at the Department of Economics, London School of Economomics

'An impressive contribution to our understanding of the financial crisis. Dawar's reading of bailouts and buy national through the lens of competition law and government procurement law and policy is inspirational.'
Professor Mary E Footer, University of Nottingham School of Law

'The diplomatic fiction that during the crisis years regional and global trade rules ensured a level commercial playing field is skewered by Dawar's trenchant legal analysis.'
Professor Simon Evenett, University of St Gallen

This book examines the international regulation of crises bailouts and buy national policies. It undertakes this research with specific reference to the crisis years 2008-2012. The book includes a comparative analysis of the regulation of public procurement and subsidies aid at both multilateral and regional levels, identifying the strengths and weakness in the WTO legal framework and selected regional trade agreements (RTAs). Ultimately, the aim of this work is to provide options for improving the consistency of these laws and the regulation of these markets. This is of immediate relevance for good economic governance, as well as for managing future systemic financial crises in the interests of citizens: as tax payers and consumers.

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1. Introduction

I. Overview

II. Promoting Competition

III. Government Procurement Law and Policy

IV. Integrating Competition and Government Procurement Laws

V. Private Anti-Competitive Behaviour

VI. Assessing the Legality of the Crisis Measures in Six Case Study Countries

VII. The Enforcement of International Trade Law in a Crisis
VIII. The Outline of the Book

Part I: The Rules Governing Bailouts and Buy-Nationals
2. The International Framework

I. Introduction

II. Competition Policy and Non-Discrimination under the GATT

III. Competition and Public Procurement under the GATT

IV. GATT Article I:1 Most Favoured Nation and Government Procurement
V. Buy-Nationals under the Agreement on Subsidies and Countervailing Measures

VI. Competition Policy under the GATS: Bailouts and Buy-Nationals

VII. The WTO Government Procurement Agreement and Competition

VIII. Conclusions

3. The Regional Rules

I. Overview

II. Selecting the RTAs for Assessment

III. The USA's RTAs

IV. Brazil's RTAs

V. India's RTAs

VI. The EU's RTAs

VII. TFEU State Aid Rules under WTO Commitments

VIII. Conclusions

4. Characterising the Rules

I. Introduction

II. Assessing the Provisions

III. The Nature of Legal Obligations

A. Bilateral and Collective Obligations

IV. The Nature of Selected WTO Obligations

V. WTO GPA Provisions

VI. WTO ASCM Provisions

VII. Characterising the Selected RTA Provisions

VIII. The TFEU and the Role of the European Commission

IX. Summary Conclusions

Part II: The Case Studies International Trade Law in a Crisis: Who Makes it and Who Breaks it?
5. Assessing the Legality of Bailouts and Buy-Nationals

I. US Fiscal Bailout Measures

II. Brazil's Bailout Measures in the Financial Sector

III. The Legality of India's Bailouts and Buy-Nationals

IV. Regulating Crisis Bailouts under the TFEU

V. Member State Bailouts in the Financial Sector

VI. The UK Financial Sector Bailouts under the TFEU

VII. The Financial Bailout Measures in Germany

VIII. The Legality of the Rescue Measures under the TFEU

IX. The Interface between EU State Aid Control and the ASCM

Part III: Enforcing International Trade Law in a Crisis
6. Challenging Bailouts and Buy National Measures

I. Overview

II. WTO Consultations and the Dispute Settlement Body

III. WTO Trade Remedies 2008-13

IV. Regional Regulatory Responses to the Crisis

7. From the Wealth to the Stealth of Nations

I. Overview

II. Increasing Compliance During Crises: The Case for Collective Enforcement

III. The Institution of the WTO

IV. Hodie tibi, cras mihi?

V. To the Health or the Stealth of Nations?


Dawar, Kamala
Kamala Dawar is Senior Lecturer in Law at the University of Sussex.

Photo courtesy of Pat Noser.

Kamala Dawar is Senior Lecturer in Law at the University of Sussex.



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