POLI 441 Lecture Notes - Lecture 19: General Agreement On Tariffs And Trade, Youth Smoking, Efficient-Market Hypothesis
30 Jan 2018
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Document Summary
Underlying questions: the need for a standard itself suggests interference with consumer choices, q: is the standard sufficiently socially beneficial to impose it on everyone, this depends on how much we value the social good/objective. If everyone wanted a certain standard, we would have no conversation about it: q: is the standard overall welfare-enhancing, distributional consequences, rich vs. poor consumers. Imposed for the protection of national treasures of artistic, historic, or archeological value: relating to the conservation of exhaustible natural resources if such measures are made effective in conjunction with restrictions on domestic production or consumption. How does the wto resolve this: consider an archetypal dispute over standards, the us bans clove cigarettes, citing health concerns: "gateway cigarette, one of the most affected countries is indonesia, a big cloves producer. Us-clove cigarettes dispute: two claims by indonesia, tbt 2. 1: national treatment, chapeau test, tbt 2. 2: necessity.
