This course reviews the principles and rules underlying the post-war international economic order, in particular with respect to trade, money and finance and foreign investment, as well as its institutional pillars such as the Bretton Woods institutions and the World Trade Organization. Furthermore, the course reviews the role of international economic institutions and agreements in pursuing sustainable development. Sustainable development has become a key concept for the 21st century and has been endorsed and recognised in a number of instruments of international law. Problems like global climate change, high pollution levels and depletion of living and non-living natural resources are becoming important restraints on the global economy. Students will acquire a thorough knowledge of and insight into the main elements of the current regulation of international economic relations and of the concept of sustainable development, including its current status in international law.
Disclaimer: This course has been updated to the best of our knowledge at the current time of publishing. Due to the Covid 19 pandemic and the fluctuating changes in lock down regulations all information contained within this course description are subject to change up to 1 September 2020.
Due to the uncertainty of the Covid 19 virus after 1 September 2020, changes to the course description can only be made in the event of strict necessity and only in the circumstances where the interests of the students are not impinged. Should there be a need for any change during the duration of the course, this will be informed to all students on a timely basis and will not be to the prejudice of students. Modifications after 1 September 2020 may only be done with the approval and consent of the Faculty Board.