International institutions Part 2

International institutions and Dispute Settlement: The Case of ICSID
Gautami S Tondapu
Bond Law Review
Volume 22, Number 1, June 2010 p.81

Countering Piracy off Somalia: International Law and International Institutions
J. Ashley Roach
American Journal of International Law
Volume 104, Number 3, July 2010 p.397

INNOVATIVE DESTRUCTION-STRUCTURED FINANCE AND CREDIT MARKET REFORM IN THE BUBBLE ERA
Aaron Unterman
Hastings Business Law Journal
Volume 5, Number 1, Winter 2009 p.53

The combination of unregulated financial innovation and rampant greed had, and continues to have, dire effects on the global economy. The financial crisis, which began in the U.S. subprime housing market, has spread across the globe, decimating the structured finance industry and brought about an unprecedented collapse in the world financial markets. This paper explores the role that structured finance played in the credit crisis, by dissecting the complex instruments which drove the industry and allowed the U.S. subprime housing market meltdown to infect the entire global economy. The author argues that the finance industry is in need of thorough reform and draws on the work of International Organizations , governments, and the financial industry to formulate a plan to create a more sustainable financial framework. These proposals target three interrelated areas: 1) the management of financial institutions; 2) the regulation of financial markets, with a specific emphasis on the role of credit rating agencies; and 3) international regulatory coordination. The global financial system as it was has failed the test of time and it is only through meaningful reform and a rethinking of motivations that a stronger and more sustainable global economy can be fostered.

Building Capacity for the Transnational Regulation of Migration
Cristina M. Rodrà­guez
Columbia Law Review Sidebar
January-June 2010

Regulating immigration requires lawmakers to reach beyond a unilateral “gatekeeping”strategy defined by efforts to stop migration through law enforcement and economic coercion. In their contributions to the policy debate, scholars increasingly have emphasized the importance of addressing labor and illegal migration through bilateral and transnational frameworks-through accords that would recognize the interdependence of the United States and Mexico and engage our neighbor to the south directly through joint efforts to channel migratory flows. In this Essay, I seek to contribute to this strand of commentary by identifying the existing mechanisms of transnationalism and offering initial suggestions for their development, in the interest of building institutional capacity for meaningful bilateralism. These mechanisms consist of international diplomatic and information-sharing networks, cooperative ventures between administrative officials on both sides of the border, and transnational civil society networks developed to serve the needs of Mexican migrants. The cross-border Administrative law space these forms of organization create is occupied not just by international entities, but also by entanglements between the domestic institutions of the United States and Mexico. In assessing these networks, I emphasize that bilateralism should be shaped to promote burden-sharing, or to ensure that both sides of the bilateral relationship reap benefits and bear costs, in rough proportion.

Author: international

Mentioned in these Entries

Administrative law, Columbia Law Review, International Organizations, International institutions, Piracy.