This book argues that a satisfactory theory of the international division of labour must come to grips with the problems of economism, functionalism and determinism that have sometimes characterised Marxian approaches to this theme. It assesses the implications of French regulation theories for this central concept of international political economy. It covers not only the Parisian variant, well represented in English through the work of Michel Aglietta and Alain Lipietz, but also the no less important Grenoble school.

This book focuses on the legal and procedural problems caused by China’s default in the South China Sea Arbitration. Many of these problems arose because in several respects, China departed from the conduct of other defaulting States in cases before the International Court of Justice.The book argues that the Tribunal, confronted with the difficulties of maintaining the balance between two parties in a situation of default, drew on the full range of its powers to ensure that neither China nor the Philippines would suffer from China’s default. Further, the book describes the shortcomings of...