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The Economic Constitution$
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Tony Prosser

Print publication date: 2014

Print ISBN-13: 9780199644537

Published to Oxford Scholarship Online: April 2014

DOI: 10.1093/acprof:oso/9780199644537.001.0001

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The International Context

The International Context

Chapter:
(p.58) 3 The International Context
Source:
The Economic Constitution
Author(s):

Tony Prosser

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199644537.003.0003

This chapter describes the major international organisations in whose context UK economic management takes place. Most importantly, the European Union has a central role, especially given the unique status of EU law within domestic law, and an introduction is given to the role of the EU in the sovereign debt crisis, in monetary policy, in competition law, in the control of state aids, in public procurement and in regulation. This is followed by an account of the World Trade Organization and the General Agreement on Trade and Services, and by coverage of the role of the Council of Europe and of the European Convention on Human Rights. There is also reference to the Organization for Economic Co-operation and Development and to the World Bank and International Monetary Fund.

Keywords:   European Union, sovereign debt crisis, monetary policy, competition, state aids, European Convention on Human Rights

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