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The Rise of Middle-Income Countries in the International Trading System

Law and Development in Middle Income Countries, Randall Peerenboom & Thomas Ginsburg, eds., Forthcoming

Minnesota Legal Studies Research Paper No. 12-51

22 Pages Posted: 29 Sep 2012 Last revised: 4 Feb 2014

Gregory Shaffer

University of California, Irvine School of Law

Charles S. Sutton

Independent

Date Written: September 28, 2012

Abstract

This paper addresses the implications of the rise of China and other middle-income countries (MICs) for the international trading system. The paper assesses how MICs have engaged with the international trading system over time, what strategies they advance, and what are the implications for going forward, focusing on the negotiation and enforcement of the rules of the World Trade Organization (WTO). Part I assesses the extent to which analysis of trade and trade policy can and should meaningfully treat MICs as a distinct category. It sets forth and analyzes a theory of MIC trading interests that calls for greater policy space for economic development. Part II provides a descriptive background of changes in the economic power and trading patterns of MICs that have implications for future trade negotiations and dispute settlement. Parts III, IV, and V respectively examine the experiences of MICs in multilateral trade negotiations, regional and bilateral trade agreements, and multilateral dispute settlement. Part VI concludes regarding MIC trading strategies and their global implications.

Keywords: middle income countries, international trading system, global economy

Suggested Citation

Shaffer, Gregory and Sutton, Charles S., The Rise of Middle-Income Countries in the International Trading System (September 28, 2012). Law and Development in Middle Income Countries, Randall Peerenboom & Thomas Ginsburg, eds., Forthcoming; Minnesota Legal Studies Research Paper No. 12-51. Available at SSRN: https://ssrn.com/abstract=2153911

Gregory C. Shaffer (Contact Author)

University of California, Irvine School of Law ( email )

401 E. Peltason Dr.
Ste. 1000
Irvine, CA 92612
United States

Charles S. Sutton

Independent ( email )

No Address Available

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