It shapes how states interact in the realms of trade, finance, and development, and sets the legal framework for international business operations.
For instance, alterations in financial regulation can affect international trade flows, and shifts in environmental law can influence investment policies.
These include national finance ministries, trade officials, financial market regulators, and multilateral institutions like the IMF, WTO, and the World Bank.
Issues like digital trade, climate change, and global inequality are pushing the boundaries of the field, requiring innovative legal solutions and international cooperation.
The rise of multinational technology corporations poses unique challenges in terms of market regulation, data protection, and intellectual property rights.