POL4176 Lecture 8: POL3176 – Extra Notes (June 1st)
13 Jun 2016
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Document Summary
Aggregate effect of trade vs. disaggregating trade. It promotes the outsourcing of human rights violations and exploitation. Global growth in trade can and often does lead to cheaper and more efficient production of goods. In other words, we can buy more things today at a cheaper cost than ever before extends beyond the west into the global south. But free trade also brings about changes; the reorganization of production. Involves lowering the costs of production by relocating. Small but significant part of capitalism"s revolutionary nature. These changes have social consequences and costs. Redistribution of wealth (geographically eg. jobs move from north to south) One suggested solution to disagreement over free trade: look at sectors (eg. agriculture sector, automobile sector, etc. ) rather than the economy as a whole. Aggregate effects of trade are well know, but using economic models to disaggregate domestic interests, we can perhaps see how groups influence trade policy domestically.
