TY - BOOK ID - 79545514 TI - The social foundations of world trade PY - 2015 SN - 9781107036611 9781139567824 1139567829 9781316247471 1316247473 9781316249376 1316249379 1107036615 9781316251263 1316251268 131623424X 1316236137 1316255050 1108441939 1316253155 1316245586 1322561052 9781316236130 9781316255056 9781108441933 9781316253151 9781316245583 PB - Cambridge, U.K. Cambridge University Press DB - UniCat KW - Sociology of law KW - Foreign trade policy KW - Foreign trade regulation KW - International economic relations KW - Export and import controls KW - Foreign trade control KW - Import and export controls KW - International trade KW - International trade control KW - International trade regulation KW - Prohibited exports and imports KW - Trade regulation KW - Social aspects. KW - Law and legislation KW - Social aspects KW - E-books UR - https://www.unicat.be/uniCat?func=search&query=sysid:79545514 AB - As highlighted by Pascal Lamy, the former head of the WTO, world trade traditionally involves state-to-state contracts and is based on an anachronistic 'monolocation' production/trade model. It therefore struggles to handle new patterns of trade such as global value chains, which are based on a 'multilocation' model. Although it continues to provide world trade on a general level with a powerful heuristic, the traditional 'rationalist' approach inevitably leaves certain descriptive and normative blind spots. Descriptively, it fails to explain important ideational factors, such as culture and norms, which can effectively guide the behaviour of trading nations with or without material factors such as interests and utilities. Normatively, the innate positivism of the traditional model makes it oblivious to the moral imperatives of the current world trading system, such as development. This book emphatically redresses these blind spots by reconstructing the WTO as a world trade community from a social perspective. ER -