MVV350K The Law and Economics of Globalisation

Faculty of Law
Autumn 2022
Extent and Intensity
0/1/0. 3 credit(s). Type of Completion: k (colloquium).
Teacher(s)
Dr. James Munro (seminar tutor), prof. JUDr. Ing. Michal Radvan, Ph.D. (deputy)
Dr. Stela Rubínová (seminar tutor), prof. JUDr. Ing. Michal Radvan, Ph.D. (deputy)
Guaranteed by
prof. JUDr. Ing. Michal Radvan, Ph.D.
Faculty of Law
Contact Person: Mgr. Věra Redrupová, B.A.
Supplier department: Faculty of Law
Timetable of Seminar Groups
MVV350K/01: No timetable has been entered into IS.
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.

The capacity limit for the course is 30 student(s).
Current registration and enrolment status: enrolled: 20/30, only registered: 1/30
fields of study / plans the course is directly associated with
Course objectives
This course examines the law and economics of globalization. It begins with an overview of economic impacts of trade liberalization and lays out the conditions under which the positive impacts are maximised. It proceeds with a discussion of current trends in globalization and relates them to the evolving geopolitical context. It then examines the legal instruments available to States to manage economic pressures resulting from increased globalization and to counter (potentially) trade-distorting practices of their trade partners. These include the existing legal instruments at the international level under the WTO treaties, such as anti-dumping/anti-subsidy measures and safeguards, as well as more recent innovations at the domestic level relating to matters like currency manipulation, economic coercion, transnational subsidies, foreign investment screening, differences in environmental/labour standards, and distortions arising from economies and sectors with substantial government involvement.
Learning outcomes
At the end of the course, students should be able to:
- Have an understanding of the economic rationale behind international trade agreements, including the economic benefits of globalization, the distributional impacts of trade liberalization and the role of policy coherence;
- Have an understanding of the existing legal instruments at the international level for addressing certain economic impacts of trade liberalization, especially the "trade remedy" tools under the WTO treaties (anti-dumping measures, anti-subsidy measures, and safeguard measures), as well as an understanding of the economic rationales underlying these tools;
- Have an understanding of current issues in global trade and trade policy, and why States are innovating with new legal tools for addressing some of these issues, including concerns over unfair trade practices, currency manipulation, "transnational" subsidies, supply chain resilience and sustainability, the evolving geopolitical context, and "global commons"-related issues such as climate change;
- Have an understanding of the new and emerging legal tools at the domestic level for addressing certain trade distortions, including foreign investment screening, environmental/labour standards, and practices to deal with non-market economies.
Syllabus
  • 1. Overview of the economic rationale behind international trade agreements, including the economic benefits of globalization, the distributional impacts of trade liberalization and the role of policy coherence.
  • 2. Examination of why States are resorting to legal tools to manage certain aspects of globalization, such as concerns around unfair trade practices, an evolving geopolitical context, supply-chain resilience, and "global commons"-related issues such as climate change.
  • 3. Overview of the primary legal tools in this regard at the international level, namely anti-dumping measures, anti-subsidy measures, and safeguards under the WTO treaties, and the economic rationales underpinning these legal tools.
  • 4. Overview of the new and emerging legal tools at the domestic level in jurisdictions like the EU, US, and Australia relating to matters such as currency manipulation, economic coercion, transnational subsidies, foreign investment screening, lower environmental/labour standards, and issues relating to non-market economies.
Literature
  • Extracts of journal articles, book chapters and primary materials to be distributed before class.
Teaching methods
Lectures and discussion.
Assessment methods
Full attendance in class is required and active class participation is expected. Final assessment will be based on a written exam consisting of short essay questions.
Language of instruction
English
Further Comments
Study Materials
The course is taught only once.
The course is also listed under the following terms Autumn 2023.
  • Enrolment Statistics (Autumn 2022, recent)
  • Permalink: https://is.muni.cz/course/law/autumn2022/MVV350K