IDSB04- Lecture 7 Chp. 9 November 16/2010
ie health inspectors at processing plant at food manufacturing plants
-Economic growth as a primary aim as a redistribution center
The new globalization
-Global [promotion of ‘free markets\ through neoliberalism and liberalization
-Result MAY include economic growth, but also:
Reduction of subsidies for poor
Cost recovery/ user fees for essential services
Privatization of public assets
Weakened role of government
Growing dominance of western-based transnation capital
High military expenditure
Growth more or less equitably distributed? Yes in the long term
UNDP” \global inequality in income and living standards have reached
Globalization: good or bad for health?
- depends on who controls it ie the flow of capital, labour, and
lkmnowledge around the world AND who benefits from it.
Global trade regime and WTO
-what is WTO?
founded in 1995 as permanent suprabody to replace GATT
Administers trade agreements and negotiations
Monitors and enforces trade policies
Resolving disputes internally; appeal panel decisions binding
Mandate to eliminate import tariffs, lower subsidies, homogenize
153 members, governs 90% global trade
overseas member countries implementation of actions to lower custom
tariffs and other trade barriers or also known as protectionism
expands GATT’s mandate by covering intellectual poverty and
services as well as goods
include trade and envirmental regulations
-In practice, do rules apply equally to all?
no they don’t it seems, b/c many countries went through this process
of protecting their industries are telling the countries that want this
kind of economic growth to open up their markets
-Dp all benefit equitably?
-Are economic growth, comnnercial rights and public interest weighed
-How democratic is the global trade regime?