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Internat Trade
International Politics
| Term | Definition |
|---|---|
| Life and Debt Film, economic policies the political leader opposed | dependence on other countries as the IMF created a dependence of FI |
| Life and Debt in imported powder milk and subsides | blc milk was subsidized US flood market with powder milk and destroyed the dairy industry, b/c foregin food was kept of of jamanica previously by tariff which the IMF removed |
| Life and Debt Free Zones | job insecurity caused by free zone and chinese workers |
| According to the IMF, what should national economic policies try to achieve in an era of economic “globalization”? | decrease on subsidizes and increase imports |
| Washington Consensus | increase of neoliberal policies, reduce state spending and regulation, lower trade barriers MARKET FIX ITSELF |
| Washington Consensus opinion | growth in developing states will be driven by FDI, so need policies to appeal to FI |
| WTO | focus on not oly trade but broader regulation of trade like Intellcult propert |
| GATT v WTO | GATT (platform, opt in and out) WTO(memebership org, national law conform, single undertaking) |
| Why is “free trade” a misnomer when describing contemporary trade agreements? | |
| Comparative Advantage V. Import Substituion 1970s to 1980s International trade had two schools of thought | C:allow people to specialize in an export or import I: economics that have been colonized are at these disadvantage and allow them to grow to compete |
| Why does evidence since 1980s shows that trade openness is not a shortcut to development. | Trade reforms are expensive, redirect resources away from other developmets, trade reform is most about power states and Corps |
| Collapse of Development Round DOHA | due to disagreements over agricultural trade issues and intellectual property rights W: subsizes for pol + sec Deving not allow agr. b/c market flooded, want acess to pharma research and deve dispute of dereg of service indus --> only if end ag subs |
| MEGA-Regional Trade Agreements | used when WTO stalled agreements made by wealthy country with same interest focus on regulation more than tariffs (product and FDI standards) |
| Original goal of WTO before in Development Round DOHA | goal was that WTO was going to get agreence on subsidez and make trade something for economic development for all as developing was lacking growth Proposed: developing countires open up their countries to allow services like banking |
Created by:
katelyn27
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