French Foreign Minister Bernard Kouchner calls in the Financial Times for a tax on global financial transactions as a means of funding the currently moribund UN Millennium Development Goals. It is an idea that has been floated repeatedly since the 1990s - sometimes with the emphasis on the tax itself as a means of deliberately slowing down and making more...
[caption id="attachment_9642" align="alignright" width="137" caption=""][/caption] So what resulted from the past few days of G-20 meetings of finance ministers? And, particularly given the long-term conversation here at OJ about transnational networks and global governance, do the meetings offer any data point in that discussion? The principal policy debates at the G-20 meetings were over bonus/compensation issues for bankers (pressed hard by the...
As an American who has lived and received health care in two other industrialized Western countries (New Zealand and Australia), I know first-hand how pathetic American health care really is compared to its foreign counterparts. Unfortunately, because most Americans know very little about how the rest of the industrialized world provides (vastly superior and much cheaper) health care, conservatives have...
My friend and former colleague at Auckland, Mohsen Al Attar, has posted two new articles about TWAIL on SSRN. The first, co-written with Rosalie Moore, is entitled "TWAIL Revisited - The Bolivarian Reconstruction of International Law." The second, co-written with Vernon Ivan Tava, is entitled "TWAIL Pedagogy - Legal Education for Emancipation." The abstracts are after the jump. I highly recommend...
The Office of the U.S. Trade Representative frequently does impressive work; witness the U.S. WTO victory this week over China. But when it comes to openness and transparency, USTR's efforts do not have the same shine; this is an agency notorious for its resistance to traditional inter-agency procedures (e.g., the C-175 procedure), let alone opening up its work to the public eye. So, I...
The WSJ has a very important (and certain to be much debated) story today on the front page, "A Global Surge in Tiny Loans Spurs Credit Bubble in a Slum," WSJ, A1, Thursday August 13, 2009. Also see the follow on stories, "Group borrowing leads to pressure," which is about the problem that when you use 'peer pressure' rather than...
The government's new "cash for clunkers" program has been wildly successful. Under the program, consumers may receive up to $4,500 towards the purchase of a new, more fuel-efficient vehicle. What is surprising is the impact this it is having on consumer spending patterns regarding domestic vs. imported vehicles. According to press reports, more than 70% of the...
Randy Barnett at Volokh Conspiracy mentioned today a new paper, "Anarchy and Development: An Application of the Theory of the Second Best," 2 Law and Development 1, article 4 (2009), by Peter T. Leeson and Claudia R. Wilson. Professor Barnett says he hasn't yet read it, but the abstract looks interesting. It intrigued me enough to download it (it's a...
As we celbrate the 40th Anniversary of the Apollo 11 moon landing, it brings to mind that state of space programs and of space law. Space law has long been the preserve of public international law, with the Outer Space Treaty, the Moon Treaty, and the International Space Station (ISS) Agreement. However, the rise of commercial space ventures is providing much...
Following-up on my recent post on assessing systemic bias in international investment arbitration, readers may be interested in a recent article by Susan Franck of Washington & Lee University entitled Development and Outcomes of Investment Treaty Arbitration. Here's the abstract: The legitimacy of investment treaty arbitration is a matter of heated debate. Asserting that arbitration is unfairly tilted toward the developed world,...
[Kenneth L. Gartner is a partner with Lynn & Gartner in Mineola, New York and an adjunct professor at Touro Law School. He has served as a New York State District Court judge] The classic formulation of the basic premise underlying the Arab-Israeli “peace process” is “land for peace.” Its proponents thus categorize the so-called peace process as...
I want to quickly point to a post from late last month at EJIL: Talk! that I just recently came across. Tolga Yalkin considered the argument that international investment arbitration as a system is fundamentally biased. Considering arguments set out by Professor M. Sornarajah of the University of Singapore, Yalkin wrote: Sornarajah advanced the proposition-enjoying increasing purchase in the international legal community-that bilateral and...
