POL 2103 Lecture Notes - Lecture 16: Bank Of France, Foreign Direct Investment, Dispute Settlement Body

• School: University of Ottawa
• Department: Political Science
• Course: POL 2103
• Professor: Kevin Mc Millan

Document Summary

Balance of payments: movement of goods, services and money across national boundaries. Government tools of economic management: especially fiscal and monetary policy (spending, taxing, banking) If unrestricted, production occurs wherever most efficiently done; all states benefit. Ca: production efficiency relative to other states and all other goods it could produce. Based on idea that states differ in ability to produce same goods: so(cid:373)e (cid:272)ou(cid:374)t(cid:396)ies (cid:272)a(cid:374)"t p(cid:396)odu(cid:272)e goods othe(cid:396)s (cid:272)a(cid:374) (cid:894)can a(cid:374)d (cid:373)a(cid:374)goes(cid:895, or 2 countries produce same good, but one more efficient than other. But also idea that by itself, each state differs in its ability to produce different goods. No country is purely ft or protectionist (mix, varying degrees) Natio(cid:374)alists: so(cid:373)e goods (cid:272)(cid:396)iti(cid:272)al to (cid:374)atio(cid:374)al se(cid:272)u(cid:396)it(cid:455) spe(cid:272)ializatio(cid:374) (cid:373)ake (cid:455)ou depe(cid:374)d o(cid:374) others for supplies of key goods. Protectionism: gov. policies to keep foreign goods out and help own exports compete in other countries.