International Economic Law

Unit 1 — Introduction to International Economic Law

1. Understanding the content of International Economic Law · a. Definition and Nature of International Economic Law · b. Sources of International Economic Law · c. Relationship between national and international economic law · 2. Historical Foundations of International Economic Law: · a. Gold Standard to the Bretton Woods System · b. Economic Sovereignty · c. Developing States and International Economic Relations – · i. Resolution on Permanent Sovereignty over Natural Resources ii. Declaration on the New International Economic Order; iii. the Charter of Economic Rights and Duties iv. Sustainable Development under the United Nations

• Sources of International Law
• Relationship between International Law and Municipal Law, Monistic Theory, Dualistic Theory)

Unit 2 — World Events that shaped the Global Financial Order

1. The Paris Peace Conference,1918 · 2. The Cold War Era & its Politics · 3. African Independence · 4. The Suez Canal Crisis · 5. The Vietnam War and The Oil Shock, 1970’s · 6. Asian Financial Crisis, 1997 · 7. The Collapse of Communism – Fall of Berlin Wall & Dissolution of Soviet Union. · 8. The Covid-19 – Worst recession since the Global depression – impact and strategies implemented by the world financial leaders.

Unit 3 — International Monetary and Development Law :

1. Institutional Aspects of IMF · 2. International Liquidity and the SDR · 3. Balance of Payments Adjustment and the IMF Resources · 4. The World Bank Group - structure, power and functions · 5. BRICS

Unit 4 — International Trade Law I

1. Theories of trade : Absolute Advantage, Comparative Advantage and Hecksher-Ohlin · 2. Origin of GATT and Evolution of World Trade Organization – 1947 to 1995 · 3. Institutional Framework of WTO · 4. Most-Favored Nation (MFN) Treatment and National Treatment of GATT · 5. Market Access · 6. Safeguard Measures · 7. General and Security Exceptions · 8. Dispute Settlement Understanding (DSU)

• WTO

Unit 5 — International Trade Law II

1. Sanitary and Phyto-Sanitary (SPS) Measures · 2. Technical Barriers to Trade (TBT) · 3. Trade in Services (GATS) · 4. Trade Related Aspects of Intellectual Property Rights (TRIPS) · 5. Trade Related Investment Measures (TRIMS) · 6. Agreement on Agriculture · 7. Emerging Trends in WTO

• General Principles of International Trade Laws, UNCITRAL, International Arbitration Laws and TRIPS

Unit 6 — International Investment Law :

1. Introduction : Meaning and Types of foreign investment · 2. Bilateral Investment Treaties · 3. Investment Treaty Arbitration · 4. Important Cases pertaining to the South Asian region

Unit 7 — International Business Law

1. International Sales of Goods with special focus on CISG · 2. International Carriage of Goods by Sea : Hague-Visby, Hamburg and Rotterdam Rules