Prof. Guiguo Wang – Features, Difficulties and Directions of Contemporary International Economic Law

Against the background of globalization, contemporary international economic law has the features of internationalization of national norms and domestication of transnational provisions. By its side, a case law is emerged which is relied upon by both institutional and ad hoc dispute resolution bodies.

As services and investment are inseparable in nature, the dichotomies between the norms governing international trade and those regulating international investment are transcended. At the same time, the number of participants in both trade and investment has greatly increased and will continue to grow.

These developments have posed challenges to the current regime. The international community must consider alternatives for improving the system of international economic law and give directions to its future development.