INTD 1103 Lecture Notes - Lecture 9: International Coffee Agreement, Fair Trade Certification, Your Morning

• School: Dalhousie University
• Department: International Develop Studies
• Course: INTD 1103
• Professor: James Cameron

Document Summary

Your morning cup of coffee connects you to the world. Fair trade certification is fairer than other, but not entirely fair. Global trade rules and practices brief history. First set of rules -> the wto, multilateral. Goal was to put in place rules that all countries had to operate by. Second set of rules -> bilateral trade a(cid:374)d i(cid:374)(cid:448)est(cid:373)e(cid:374)t agree(cid:373)e(cid:374)ts: (cid:862)foreig(cid:374) i(cid:374)(cid:448)est(cid:373)e(cid:374)t (cid:862)b(cid:455) ha(cid:448)i(cid:374)g rules i(cid:374) pla(cid:272)e, (cid:373)akes glo(cid:271)al trade (cid:373)ore straight for(cid:449)ard(cid:863) Wto was kind of slow, so large, first world countries made bilateral agreements between only two countries, would be detrimental to poorer countries. Gatt / wto goal: eliminate barriers to global trade and investment. In principle, the goal of wto makes sense in principle, not in practice: negotiating power b/w rich and poor countries. Rules strongly favour rich and strongly bias poor (cid:1006)(cid:895) (cid:862)ki(cid:272)ki(cid:374)g a(cid:449)a(cid:455) the ladder(cid:863): ri(cid:272)h (cid:272)ou(cid:374)tries use the ki(cid:374)d of rules the wto tries to prohi(cid:271)it to advance their economic status.