We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
To save content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about saving content to .
To save content items to your Kindle, first ensure no-reply@cambridge.org
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
International trade law is particularly prone to tensions with other areas of global governance given how trade rules interact with public policies addressing environmental and social problems linked to expanding economic activities. This chapter explores how the relations between international trade law and international environmental norms are construed as a matter of law, for example through in-text references to external norms in World Trade Organization (WTO) treaties, and as a matter of social practice, for example when parties make claims about norm relations in the context of WTO litigation, which can catalyse further norm contestation in other ‘fora’. Tracing these legal developments reveals how the international legal landscape can shift due to frictions between bodies of norms. More often than not, such shifts result in subtle adjustments of the relationships between bodies of norms in tension, leaving the substance of overlapping norms unchanged. In some instances, new norms emerge to regulate these interfaces, giving substance to actors’ expectations of how international trade rules should relate to other norms. In this authority game, advantageously negotiating interfaces between bodies of norms becomes increasingly important. The WTO has played this game rather successfully – to the frustration of environmentalists – by establishing strategic linkages on its own terms.
This chapter analyses the construction of relations between ‘bodies of norms’ in contexts of global financial governance from the perspective of ‘entanglement’. It examines how entanglements were discursively construed from the 1990s until the period of post-global financial crisis reforms. In the aftermath of the Asian financial crisis, officials at the Bank for International Settlements, International Monetary Fund and United Nations disagreed on how to order relations between multiple norms and institutions deemed to be relevant for global financial stability. Different ordering projects struggled to manage institutional pluralism in global finance. The move to ‘international standards’ authorized actors to shape and order relations between a growing multiplicity of bodies of norms. The construction of the ‘Compendium of Standards’ sought to order relations between a growing number of international financial standards. Other proposals sought to create a more permanent institutional framework, including via legalization. As the challenge of governing multiplicity in contemporary global financial governance persists, none of the different ordering projects has imposed itself as a common frame of reference.
Recommend this
Email your librarian or administrator to recommend adding this to your organisation's collection.