Class Notes (835,241)
Canada (509,043)
POLI 244 (357)
Lecture

Politics of International Economic Relations.pdf

3 Pages
104 Views
Unlock Document

Department
Political Science
Course
POLI 244
Professor
Stephen Saideman
Semester
Fall

Description
Issues Trade Goods and services, exports and imports Tariffs Taxes on imports Intended to improve competitiveness of domestic industry Funded most governmental projects/institutions Non-tariff barriers Regulations that limit imports through other means Exchange rates The rate at which one currency is exchanged for another Cheaper your currency is, the more people buy your stuff Foreign direct investment When a company buys land, builds offices and factories, invests in another country's businesses Governments must manage to have markets opened enough for other countries to trade with it, but also closed enough to not be exploited Bretton Woods Exchange rate regime Instability Competitive devaluation Fixed rates then managed The US dollar was tied to gold and everyone else's currency was tied to the US's Put too much responsibilities on the US International monetary fund - IMF Manage situations in which countries ran out of foreign exchange Provided short-term loans to countries so that country could keep trading Free trade regime International trade organization GATT General agreements on Tariffs and Trade Created a set of rules to facilitate trades Made it easier for countries to foster employment and make things happen GATT to WTO World Trade Organization Grand deal to expand GATT To monitor compliance Punishments is still by States, but sanctioned by WTO But how do you punish the bigger players (China, USA...) GATT was to be temporary Developing countries wanted 2 things Free trade with agriculture Free trade with textiles WTO gave more power to intl institutions E
More Less

Related notes for POLI 244

Log In


OR

Join OneClass

Access over 10 million pages of study
documents for 1.3 million courses.

Sign up

Join to view


OR

By registering, I agree to the Terms and Privacy Policies
Already have an account?
Just a few more details

So we can recommend you notes for your school.

Reset Password

Please enter below the email address you registered with and we will send you a link to reset your password.

Add your courses

Get notes from the top students in your class.


Submit