Bottom-Up International Law

Janet Levit has a paper on three examples of international law that grew up privately and/or in the free market way and not top-down, in the state way (like World Bank, IMF, WTO, EU, NAFTA). I can’t vouch for their total purity, however. But they are examples of the spontaneous order that flowers in this world when given the opportunity. You’ve never heard of them because the press is directly linked to states and constantly publishes anything that state actors do, but doesn’t cover in the same way the myriad free market developments. She discusses the Uniform Customs and Practice for Documentary Credits (UCP), the International Union of Credit and Investment Insurers (Berne Union), and the Arrangement on Officially Supported Export Credits.

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5:53 am on May 16, 2012