SOSC 4370 Lecture Notes - Lecture 16: Bilateral Investment Treaty, Predicament, Multistakeholder Governance Model
20 Mar 2016
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Document Summary
Tend to be jobs for very skilled jobs (even those who are lown in from the north) Oten it"s not a job creaion scheme, where they make a contribuion (listed below: foreign exchange, exports ) Need for foreign exchange (hard currency), exports and tax and royalty revenue: there are certain things that these commodiies provide for states which cannot be gained or accessed anywhere else. These are especially important to states: debt servicing and access to borrowing, macroeconomic stability keeping your interest rates low, maintaining control over currency, indicators would be growth, currency, interest rates. Say there is a collapse in a commodity price (debt crisis); countries borrowed large loans, and had to repay the countries had to repay in. American dollars, but the dollar went up while their currency went down. Certain amount of growth, stable prices and currency creates a context for growth: financing new social services. There are certain things that extracives that give beter economic acivity.
