ILRIC 2350 Lecture Notes - Lecture 5: Making Money, George Bernard Shaw, Rulemaking
13 Dec 2016
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Document Summary
The unholy trinity (two out of three): capital mobility, stable exchange, or monetary independence. Trade reduced wage difference between the rich and poor countries. It was also super easy for investors to reallocate if something in the country would change. Northern activists wanted to raise labor, health, and environmental standards in poor countries. The developing countries accused the countries of using this as an excuse to keep their products out of those countries. The activists were tools of their governments and the clinton white house controlled the steel protests and rioters. Free trade was autocratic because it was controlled by the eu, north america, and. Anti-globalizers wanted to limit and control international markets. Globalizers thought the problem required worldwide political institutions. The support for international economic integration depended on prosperity. Since 1850 the world economy has stimulated unprecedented economic growth and social change. It has hastened the spread of society from a sliver of northwestern europe to the rest of.
