Consistent with the development of Geneva School neoliberalism. [fact]
For Tumlir, Petersmann, and others in the influential cohort of the drafters of the WTO, the goal was to scale up the “European idea” of neoliberal constitutionalism from the continent to the world economy, making the WTO into a “trade constitution” in which the Dispute Settlement Body and the Appellate Body would act as equivalents of the European Court of Justice. Consistent with the development of Geneva School neoliberalism, their idea joined the thinking of Böhm and Hayek, bringing neoliberal decisionism and a vision of the strong legal enforcer to the Hayekian cybernetic construct of stratified, multilevel order. Inspired by their concern about the “degeneration” of the world trade order effected by the NIEO and its potentially contagious effects, the GATT reformers sought to fulfill the spirit of Hayek’s vision by calibrating a stratified order for rules of just conduct in which prices as well as laws and rights would act as “signals and incentives for adjustment.”
Quinn Slobodian, Globalists, loc. 836