Part II International Economic Law as an Order of Rules and Principles, VII Human Rights and International Economic Relations

Subject(s):

Civil and political rights — Human rights remedies — International investment law — International monetary law — National treatment — Humanitarian intervention

This chapter emphasizes the impact of human rights law on international economic relations. International human rights based on custom as well as universal and regional treaties constitute important elements of the international legal order and they have a significant impact on international economic relations as well as on national economic laws. Just like fundamental rights on the national level, international human rights do not only protect the private sphere of life, but also entrepreneurial activities and property. Social guarantees and collective rights, such as the freedom of association, significantly shape the economic order and employment conditions. Despite their growing importance, the significance of human rights standards for economic life is still being underestimated.