Columbia Law School and University of Neuchatel April 28, This study is written for the American Law Institute project Legal and Economic Principles of World Trade Law. It builds on joint work, and many discussions, with Kyle Bagwell and Robert W. Staiger. Chapter 1. The Study of International Commercial Law 8 should trade shirts for shoes until each country has reached its optimal level of consumption. For example, Country A could trade 20 shirts for 40 pairs of shoes. In the end, Country A would have 30 shirts and 40 pairs of shoes (much better than in the pre-trade . International and Regional Trade Law: The Law of the World Trade Organization J.H.H. Weiler University Professor, NYU Joseph Straus Professor of Law and European Union Jean Monnet Chair NYU School of Law AND Sungjoon Cho Associate Professor and Norman and Edna Freehling Scholar Chicago-Kent College of Law Illinois Institute of Technology AND.
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