Over the last couple of decades, there has been a growing awareness in academic and policymaking circles regarding the importance of institutions for economic development. Institutions constitute the rules of the game in a society or, more precisely, the restrictions designed by members of a society to influence human interaction. Any transformation affecting these rules may clearly have a dire...

This Article describes briefly the way in which the system now operates and the major complaints that have been lodged against it. DISPUTE SETTLEMENT IN GATT

On January 18, 2019, the European Commission submitted a proposal to United Nations on International Trade Law establish multilateral investment court for investor-state disputes. The Commission’s reflects growing discussions about potential reform of dispute settlement system. While present work options focuses issues relating legitimacy system, effects disputes that specifically involve intel...