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What is International Economic Law? | IEL Episode 1 - Part 1
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Central to the study of international law is international economic law. Indeed, much of what emerged in IL was provoked by the economic rapprochement of European nations during the mercantile period but also the plunder of the Third World pursued by the First. Of course, international economic law was not devised solely to mediate economic relations but also to structure the distribution of finite resources to a growing global population.
In the first episode, I explain how an assumption - prosperity for all - and a theory - comparative advantage - were devised to justify the adoption of liberalism in the development of international economic order.
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