Value and Exchange in Multilateral Trade Lawmaking

Queen's University Legal Research Paper No. 2016-070

London Review of International Law 4(1), 2016, 7-55

36 Pages Posted: 13 Feb 2016 Last revised: 26 Nov 2018

See all articles by Nicolas Lamp

Nicolas Lamp

Queen's University - Faculty of Law

Date Written: February 12, 2016

Abstract

The multilateral trading system privileges a perspective in which trade policies are appraised primarily in terms of their exchange value — their capacity to be exchanged for modifications in other countries’ trade policies — rather than their use value — their utility for the country that has adopted them. The article traces the marginalisation of use value in multilateral trade lawmaking and explores the ramifications of treating trade policies themselves as tradable commodities.

Keywords: GATT, WTO, International lawmaking, Reciprocity, Commodification

Suggested Citation

Lamp, Nicolas, Value and Exchange in Multilateral Trade Lawmaking (February 12, 2016). Queen's University Legal Research Paper No. 2016-070, London Review of International Law 4(1), 2016, 7-55, Available at SSRN: https://ssrn.com/abstract=2731724

Nicolas Lamp (Contact Author)

Queen's University - Faculty of Law ( email )

Macdonald Hall
Kingston, Ontario K7L 3N6 K7L3N6
Canada

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