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Part II International Economic Law as an Order of Rules and Principles, IX Good Governance—The Internal Structure of States and Global Economic Integration

From: Principles of International Economic Law (1st Edition)

Matthias Herdegen

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From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2023. All Rights Reserved.date: 25 February 2024

Development — International trade — Equitable principles
The interrelation with and the contribution to ‘good governance’ is a salient issue of the modern international economic order. In the long run, any market economy system needs reliable rules and effective protection of fundamental civil rights including property to function properly. At the same time, any legal order based on individual freedoms cannot ignore some basic economic principles. As history shows, a certain level of political pluralism as well as the protection of civil liberties goes hand in hand with a free market order. The interaction between the...
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