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As conflict and co-operation among states turn to an ever greater extent on economic issues, this treatise presents a comprehensive exploration of the legal foundations of the international economy. The subjects covered include: the World Trade Organization and its antecedents; dumping, subsidies, and other devices that alter the market; - the International Monetary System, including the collapse of the Bretton Woods system, the debt of the developing countries, and the rise of the euro; the law of transnational investment, including changing perceptions of the rights of host states and multinational enterprises; economic sanctions, including embargoes and boycotts; and the international aspects of competition law and of the law of the environment.;Professor Lowenfeld brings to his task a life-time of practice and teaching experience to produce a book that should be of use to international lawyers and non-specialists alike.