Soo-hyun Lee

About Soo-hyun Lee

Soo-hyun Lee is a research associate of International Law and Dispute Settlement at the Asian Institute of Policy Studies in Seoul, Republic of Korea.
Author Archive | Soo-hyun Lee
Economics, Governance, Regional Cooperation, Trade

Impact of Retaliatory Trade Enforcement Actions on the World Trade Organization and Trade Governance

Impact of Retaliatory Trade Enforcement Actions on the World Trade Organization and Trade Governance
The international regulatory instruments in international trade boast a remarkable story of evolving sophistication. Their transformation from voluntary export restraint agreements showed that the world trade system was poised to keep pace with rapidly expanding trade ties and diversifying supply chains. To keep the reins on an increasingly dynamic global trade system, the General Agreement on Tariffs and Trade (GATT) sought to formalize instruments that would help keep trade balanced and fair by isolating international trade from government intervention, in alignment with the economic thinking of the period: neoliberal convergence.