SOC 808 Lecture Notes - Lecture 5: International Monetary Fund, Structural Adjustment, North American Free Trade Agreement
28 Nov 2018
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Document Summary
Only 10% of global trade is food and agricultural products. Only 25% of world food production is traded on international markets. If we stopped trading in canada, we would only be able to feed everyone in the country for 3 days. Modern colonialism (1600s-1940s: one part of the world is working to give resources to another part of the world, demand for slavery increase due to the increase need of food. Development era (1950s-1980s: green revolution, the west was maintaining their power with other developing countries through the green revolution, world bank and its laws to taking out loans. Usa and eu: most complaints against them and most complaints made by them (usually on each other) The banana dispute: eu wanted to support african farmers = usa filed a complaint (6 years" dispute, eu didn"t want to import hormonal meat (from canada and us) Precautionary principle: a strategy to cope with possible risks where scientific understanding is yet incomplete.
