Egypt, Ethiopia, and the Nile: The Economics of International Water Law

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By Daniel Abebe
INTRODUCTION
Ranging from traditional legal doctrinal analysis to social science research frameworks common to political science and economics, the methodological tools available to scholars, commentators, and students of international law have
dramatically expanded. Research questions about the efficacy of international law, the operation of international institutions, the preferences of states, and the motivations for state behavior—questions often foreclosed by a narrow focus on international law doctrine—are now being increasingly asked and answered. The language of international law is not only one of treaties and custom, but also of incentives and rational self-interest.
In The Economic Foundations of International Law, Eric Posner and Alan Sykes contribute to the evolving study of international law by providing a conceptual framework to theorize and predict how international law will operate in the future.1 Beginning with the assumption that states are rational, self-interested actors, pursuing their policy preferences in an international system without a central enforcement mechanism, Posner and Sykes demonstrate the utility of an economic approach in various substantive areas of international law. …. Read More…..