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《Chinese Journal of Law》 2012-04
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New Model of Global Economic Governance and its Path to Rule of Law

Liu Jingdong  
Various indications have proved that global economic governance should be charged with increasingly urgent tasks,and the traditional model of governance and the process of the rule of law are being challenged with the historical changes of the balance of world economic power. In order to promote the process of global economic governance and the rule of law,the principle of equality and mutual respect,the common interests principle,and the principle of promoting cooperation and broad consensus should be established as new legal principles.The principle of quality and mutual respect is the basis of the legitimacy of the global economic governance,which requires all members of the international community to enjoy equal participation in international exchanges and decision-making and mutual respect for their respective positions.The common interests principle is the core objective of the global economic governance,which requires realizing the interest of all countries through the global economic governance,rather than a country or group of self-interest,nor self-interest of the developed countries.The principle of promoting cooperation and broad consensus is the guiding principle of global economic governance.Economic globalization needs the cooperation among countries and a broad consensus is the only way to solve the various problems and challenges faced by globalization. Global economic governance needs not only to reform the existing model and built a new one,but also to seek the new path of the rule of law.That is,an "International Economic Charter" should be formulated to meet the new requirements of international economy,the establishment of a new International Economic Organization with the highest authority should be discussed to integrate the existing international economic organizations,and a complete set of Economic Dispute Settlement Mechanism should be built based on the dispute settlement mechanism of WTO to enhance further the stability and predictability of the international economic relations and governance.
【CateGory Index】: D996.1
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