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Constitutional Perspectives on International Economic Law

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Chapter Summary

Ernst-Ulrich Petersmann has always been driven by the mission to understand international economic law in a constitutional dimension. First, one may speak about constitutionalisation in the sense of addressing the legal institutions which "constitute" an economic system or the world economy at large. The perspective of an "economic constitution" or of an economic order is useful in realising that traders' rights are still poorly taken care of, while investors' rights and rights to intellectual property are quite well protected. Nevertheless, what is lacking is a coherent concept of economic rights for all and-correspondingly-better protection of labour and social rights. The establishment of the WTO in some way or the other might have been seen as the end of history. There is an urgent need to explore how free trade and economic activity can be embedded in a way which meets the urgent needs.

Keywords: economic constitution; economic rights; international economic law; perspective; world economy; WTO



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