On 5 September 2011, the WTO issued the Appellate Body report for the first WTO case on a transitional product-specific safeguard measure, United States – Measures Affecting Imports of Certain Passenger Vehicle and Light Truck Tyres from China (U.S. − Tyres). Transitional product-specific...

The U.S. Steel Safeguard case, which was concluded in 2003, is one of the most significant WTO dispute cases in terms of the importance of affected trade and the number of major trading nations involved in the dispute. It was a serious test of multilateralism in international trade which could...

For decades, scholars in law and development have studied interactions and dynamics among institutions, legal rules, and development. However, a comprehensive analytical framework in law and development, one which assesses the impact of law, legal frameworks, and institutions (LFIs) on economic...

Facilitating economic development of developing countries has become an important agenda in the world trading system today. The growing gaps and disagreements between developed and developing countries on the issues of trade and development has been an important cause of the suspension of the...

The paper provides a detailed analysis of the current U.S. - Korea free trade agreement (FTA) negotiations. The currently negotiated U.S. - Korean FTA may offer a legal framework for economic integration between the United States and Korea in the sense that the FTA attempts to bring Korea's...

While corporations do not enjoy unfettered freedom—they are constrained by legal, political, and social requirements and expectations—governments must have legitimate grounds to compel corporations to act. After investigating the nationwide semiconductor shortage, the U.S. Secretary of...

In March 2018, the United States adopted measures to increase tariffs on a range of imported steel and aluminum products, claiming that the measures are justified for its national security concerns. Several WTO Members, including the European Union, India, Russia, Turkey, and China, have argued...

North Korea is currently one of the most impoverished countries with a history of famine, but the country has a significant potential for economic development that could lift its population from poverty. Neighbored by some of the largest and most advanced economies in the world (South Korea,...

A seminal case in corporate law, Dodge v. Ford Motor Co., set the cardinal principle that corporations must serve the interests of shareholders rather than the interests of employees, customers, or the community. This principle, referred to as “shareholder primacy,” has been considered a...