SOC 3380 Lecture Notes - Lecture 8: Ocean Acidification, Canadian Dollar, Comparative Advantage
11 Jan 2017
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Document Summary
Canadian bureaucracy is more secretive than in us ex. Dramatic increases in trade as percent of global gdp trade increased from 24% in. Europe, asia, and na in that order can account for the largest components of global trade. Global trade= trillion in 2008, compared to only billion in 1948. Ml view point of trade (2 of them: absolute advantage. Trade is beneficial to countries if each is more efficient. And environment standards vis open trade (more efficient) Optimizes use of resources- more goods from fewer resources. Rise in countries income allows, in principle, for more money for pollution abatement. Crude environmentally motivated trade bans may be counterproductive ex. Global trade is somewhat beneficial but needs regulation by institutions. Efficiency gains from trade lead to more consumption because of lower prices- worse for the environment. Demand spurred by trade may outpace efficiency gains e. g. spread of car culture undermines increase efficiency of cars.
