POLSCI 2I03 Lecture Notes - Lecture 10: Washington Consensus, Foreign Direct Investment, Free Trade
13 Dec 2016
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Document Summary
Encourage exports give tax breaks and subsidies to companies to be competitive. Approaches to trade economic nationalism (protectionism) split the pie and. Both believe trade and policy should change and be arranged to wealth prosperity and interests better served through their maps visions pursued but disagree with what they should look like. World trade organization 1995 international organization made up of countries participating nation state partners. Works to over see and liberalize overseas international trade. Carries on the work of the general agreement on tariffs and trade, the previous multilateral agreement governing trade liberalization. Suggested globalization direction form and shape has channelled directed where organizations use their power to direct and manage how the change of the world economy changes. Describes an intertwined set of neo-liberal economic policies, priorities and best practises that the us gov"t and international economic institutions advocate for the liberalization of free trade.
