POLB90H3 Lecture Notes - Lecture 2: World Trade Organization, Developed Market, Sustainable Development Goals
15 Sep 2016
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Document Summary
The politics of development in global context: actors & issues. Global political economy important concept in which development occurs. Globalization (economic) the elimination of economic borders and the increase in international exchange. Democracy one of the most common aspects of political globalization. Important changes that went on in the last 30 years (that account for economic globalization: the breakup of the soviet union block & the demise of communism. Developed market economies: the emergence of trading blocks. Removing tariffs for stimulating trade (lead to competition) Regional trading blocks, e. g. nafta: mid 1970s: decline of the us economic power. Rise of germany, japan: new technology. Made it possible to produce a good across various countries. E. g. one type of car can be produced in the us, its parts might be produced in japan: rise of the brics. Countries rising in their economic, political power. Various actors that operated to influence economic globalization. Multinational corporations: more powerful than many global south gov"ts.
