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Legalization of international economic relations: is Asia unique?

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  • Hamanaka, Shintaro

Abstract

The concept of “legalization” developed by international relations theorists in the early 2000s seems to be very useful in analyzing the development of international laws. Legalization is a particular form of institutionalization characterized by three aspects: obligation, precision, and delegation. While earlier studies tend to simply argue that Asian institutions are less legalized than their Western counterparts, such a simplistic argument may need some revisions. Because there are already many bilateral and regional agreements in Asia that attempt to facilitate economic integration, it is very timely to re-examine the state of play of legalization of Asian economic relations. There is a possibility that Asian institutions are now legalized in terms of one or two aspects of legalization, but not all.

Suggested Citation

  • Hamanaka, Shintaro, 2017. "Legalization of international economic relations: is Asia unique?," IDE Discussion Papers 681, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    • Handle: RePEc:jet:dpaper:dpaper681
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Legalization; International economic law; ASEAN way; Asian regionalism; Free Trade Agreement (FTA); Dispute Settlement Mechanism (DSM); Asia; International economic relations; International economic integration; International trade;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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