ADMS 1000 Lecture : Week 12

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Eytan Lasry

Document Summary

Only covers the post-midterm material: textbook chapters 6, 7, 9, and 10. What is it: integration of markets and economies, free flow of goods/services, capital and labour. International trade: mercantilism/protectionism, tariffs, quotas, subsidies (see handout on tariffs) what are the problems with protectionism: trade agreements and internal bodies. gatt, wto, imf, world bank : regional trading blocs (eu, apec, asean) Nafta: objectives, impact on trade, employment and business; on canadian culture; on competitiveness . Benefits: economic development [e. g. creates employment, brings management expertise, introduces new technology and relevant training, international trade, unites cultures and nations. Threats: no allegiance to host country, mobile profits, power held in home country [e. g. r & d investments, difficult to control. [opposite of globalization: trade retaliation, increased costs to consumers, limits competitiveness of domestic firms. How tariffs affect the economy handout: impact on exporting country: lower production, job losses, economic decline : impact on importing country: