Economic Analysis Of The Government's Economic Sovereignty In International Law
Subject Areas : General International Law
Arash
Malki
1
(Phd student of Public International Law, Department of International Law, Faculty of Law, University of Qom, Qom, Iran.)
Seyyedeh Maryam
Asadinejad
2
(General practitioner, private law faculty member, law department, Ahrar Institute of Technology and Higher Education, Rasht, Iran.)
Keywords: Economic productivity, economic analysis of law, economic governance, international law, economic theories.,
Abstract :
Sovereignty is the legal authority of the government in international relations, and one of the forms of governance of governments is economic sovereignty. The economic sovereignty of the government has been defined as the supreme authority of the government in the economic will in the international arena. Among the sources of international law, five international documents have tried to explain the negative and positive aspects of the government's economic sovereignty in the international field. In order to measure the efficiency of the economic governance model, this article has undertaken the economic analysis of the government's economic governance in the international arena and has made five key economic theories the basis of the economic analysis of the government's economic governance. According to the analysis, the Keynesian economic theory guarantees the economic efficiency of the government more than other theories in accordance with the current situation of the international community due to its economic realism and order-oriented approach in implementing the government's decisions. It is worth mentioning that the characteristic of realism cannot be completely considered as a desirable model due to the neglect of human rights considerations, and governments are obliged to take such considerations into account in the implementation of economic governance.
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