POLS 1500 Lecture Notes - Doha Development Round, John Maynard Keynes, Most Favoured Nation
19 Nov 2012
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Document Summary
The two way relationship between international politics and international economics. Focuses on trade an financial transactions across borders. Global diffusion of capitalism trade and finance. Process in which international trade increases relative to domestic trade call centers in india, trans-nationalization of services. Increased movement of goods, people, information and money across borders, with decreased time and cost (via technology) World is increasingly defined by single markets rather than by many separate markets. Globalization of trade: mercantilism: government control of trade is used to promote economic and military security of the state. Accumulation of cold and silver (gold standard) Forbidding colonies to trade with other nations. Giant stockholding companies (eg the east india. Protectionism: economic policy designed to cushion or insulate domestic industries form international competition. Tariffs, subsides, quotas, non tariff trade barriers. Gains in domestic consumption outweighed by losses of exports.
