The international that have governed global trade since the end of World War II have lost their effectiveness.Global trade governace is fractured. The need for new institutions is obvious and, yet , few proposals seew to be on offer. The stubborn problem of the inequality gap between the developing nations and the nations of the first world remains a centerpiece of the international agenda. Current battles over trade policy are both intense and serious, for a great deal is at stake. The way to break out of the endless debates between the advocates of free trade and their critics is to move beyond the terms of the current discourse. To do so requires an understanding of why the current trade order was successful in fulfilling its role in international relations for as long as it did and why it is in need of a transformation to retain currency and effectiveness. This book will answer these two questions and more. In this book, we present fresh proposals for tackling the issues presented by global trade. We argue that neither politics nor economics alone hold the key to unlocking solutions to the problems presented by global trade. Global trade is not pricipally a matter of economics. Thought we certainly do not prescind from matters of politics and economics, we belive that ideas are the fundamental tools bth for understanding trade and for crafting solutions to the problems of inequality and fairness that lie at the heart of the great questoins of the day. But this is not a study in political theory alone. No account of the flobal trading order can be adequate if concrete reform proposals do not accompany the theoretical analysis. To that end, we start with an acoount of the ideas that have shaped the global tading order since the eighteenth century. We use these ideas to trace the development of trade disourse throught its various iterations, reaching all the way down to the level of institutions. At each in our analysis, we unearth connections between the politics and institutions of trade and the deeper theoretical ideas to which the global institutions of trade give expression. In short, our argument is complete, as it starts from the abstract plane of political theory and ends with concrete institutional and normative proposals for effecting these ideas.

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