POL340Y1 Lecture Notes - Lecture 14: Doha Development Round, Uruguay Round, Multilateralism
23 Dec 2016
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We will see fragmentation of ir-situations in which high speed development of rules and enforcements may outpace ir development of legal rules. Draw from this topic: idea that not all enforcement mechanisms need resemble a court or judicial process like one in domestic law-extent to which desirable thing? tariffs- limitation on goods. Dumping-selling in the foreign market-lower than home market- tariff will distort goods in a given market-less consensus dumping is undesirable distortion larger economic powers able to bring down bring of goods- objective of dumping=undermine competition. Barriers to trade historically high for two reasons, 1- capture of domestic constituencies of govt. "s needed tariffs needed to raise funds-primary source of govt. revenue-income or sales tax- not existed before due to huge logistical effort, far more straightforward with officials to tax goods into country. After ww2, consensus after bretton woods system-favor of reducing barriers to trade- recognition, implementation in
