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In this unit students examine the global economy through the lens of bilateral, regional, and multi-lateral free trade rules, with a particular focus on entrenched economic and social inequalities and trans-national sovereign debt and climate change crises. This unit will closely examine the impact of global trade rules on the world’s poorer states. Many states are in a terrifying debt spiral, with each debt-renegotiation leading to more onerous re-payment terms. Intellectual property rules in trade agreements prevent poorer governments from accessing essential supplies such as COVID -19 vaccines and investment protection clauses have a ‘chilling’ effect on states needing to move away from reliance on fossil fuels. At the same time, multinational corporations exploit the low regulatory environments in ‘emerging’ markets to manufacture low-cost clothing, shoes, and other goods, at the expense of local workers. An understanding of the history, development and contemporary application of international trade rules provides insights into these and many other challenges facing the global political economy. |
| | | | | Intended Learning Outcomes |
| | | | | As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes. On completion of this unit, you will be able to: |
| | | | | | | | | Explain the history, nature and challenges of multilateral, regional and bilateral trade regimes. | | Synthesize and clearly explain complex legal and policy issues related to international trade law into short written texts. | | Identify a contemporary trade law issue, research relevant primary and secondary sources and produce a critical written response. | | Contribute regularly, respectfully and meaningfully to class discussions with a demonstrated understanding of assigned primary and secondary sources. |
| | | | | | | | | | | | REQUISITE TYPE | REQUISITES | Pre-requisite | 50 credit points of Introductory Law core, including successful completion of LAW102
| Anti-requisite (mutual excl) | LAW663
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| | | | | Alterations as a result of student feedback |
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