The World Crisis and International Law: The Knowledge Economy and the Battle for the Future

The knowledge economy has caused unintended harms that threaten peace and prosperity and undo international cooperation and the international rule of law. We must re-conceive international law as arising out of pragmatic and limited experiments by states, rather than as grand projects to remake and redeem the world.

Format: Paperback / softback
Length: 296 pages
Publication date: 09 February 2023
Publisher: Cambridge University Press

The knowledge economy, a marvel of the world, has brought about unforeseen consequences that jeopardize peace, prosperity, and international cooperation. These harms undermine the international rule of law and threaten the very fabric of our global society. The world is grappling with a multitude of challenges, including the specter of war, the outbreak of pandemics, escalating domestic political unrest, climate change, disruptions in international trade and investment, immigration pressures, and the proliferation of cyber threats. Moreover, the inadequacy of international law in addressing these complex issues has become increasingly apparent, as it fails to provide a comprehensive framework for managing these pressing concerns.

A prosperous future that was once built on the principles of meritocracy, open borders, international economic freedom, and a vast and interconnected Internet has reached its limits. International law has unfortunately been one of the first casualties of this transformation. To effectively confront these threats, it is crucial to understand the pathways through which they emerge. Paul B. Stephan, in his insightful analysis, suggests that a re-conception of international law is necessary, viewing it as the result of pragmatic and limited experiments by states rather than grand projects aimed at remaking and redeeming the world.

In this new perspective, international law emerges as a dynamic and evolving framework that is shaped by the practical experiences and interactions of nations. It is a product of trial and error, learning from successes and failures, and adapting to the changing dynamics of the global landscape. This understanding recognizes that international law is not a static construct but rather a living organism that responds to the needs and aspirations of its constituents.

By adopting a pragmatic approach to international law, we can better address the challenges we face today. We can recognize that international law is not a perfect system but rather a tool that can be refined and improved through practical experimentation and collaboration. This approach encourages states to engage in constructive dialogue, seek common ground, and find innovative solutions to complex problems.

Furthermore, a re-conception of international law as arising from pragmatic and limited experiments by states emphasizes the importance of state sovereignty and self-determination. It recognizes that nations have the right to pursue their own interests and develop their own policies within the framework of international law. This approach promotes a more balanced and equitable distribution of power and resources, as states are not subjected to the dictates of powerful actors or international institutions.

In conclusion, the knowledge economy has brought about unintended harms that threaten peace and prosperity. However, by adopting a re-conception of international law as pragmatic and limited experiments by states, we can navigate these challenges and build a more resilient and inclusive global society. International law should be viewed as a living organism that responds to the needs and aspirations of its constituents, rather than a grand project to remake and redeem the world. By embracing a pragmatic approach, we can foster cooperation, promote peace, and ensure a prosperous future for generations to come.

Weight: 450g
Dimension: 229 x 154 x 18 (mm)
ISBN-13: 9781009320993