Ingeborg Schwenzer, ‘Global unification of contract law’

Before turning to the main subject matter of this article, a few words shall be said about the development of international trade. Due to globalization, the overall development of international trade over the last half-century is startling. Without having regard to 2009’s dramatic decrease of world merchandise exports, which in any case was basically equalized in 2010, it may be useful to have a look at the demonstrated trend during the last decades. World Trade Organization (WTO) figures for 2013 indicate that worldwide merchandise export trade amounted to US $18.8 billion and worldwide merchandise import trade to US $18.9 billion. These figures are approximately 100 times more than 50 years ago. The average annual growth from 2000 to 2013 was more than 5% for both exports and imports worldwide … (more)

Ingeborg Schwenzer, ‘Global unification of contract law’. Uniform Law Review (2016) doi: 10.1093/ulr/unw005. First published online: February 15, 2016.

First posted 2016-02-16 07:27:38

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