PSCI 2602 Lecture Notes - Lecture 10: Deindustrialization, General Agreement On Tariffs And Trade, World Trade Organization
22 Apr 2016
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Document Summary
World financial markets are more integrated and faster. Breadth and depth of trade and financial cross-border activities. Institutionalization of economic relations through global and regional organizations. Trends of deindustrialization at the core and industrialization on the periphery. The state: designing regulatory frameworks that facilitate economic integration and outward expansion. Influence of neoliberalism led to policies promoting free market system among governments and international organizations. Early generations of regional projects o o o. New regionalism (1990 - present) o o o o. In developing nations there is an increase in rtas: now toward liberalization, most advanced = european union. Regionalism & globalization: new regionalism as an integral part of globalization and as a response to globalization. Regionalism provides better solutions than globalization (an alternative to globalization) o. Many firms prefer investing close to home, in economies with cultural ties. Regionalism offers governments better solutions to global governance.
