GEOG 102 Lecture Notes - Lecture 28: Doha Development Round, Most Favoured Nation, Geopolitics

0 views2 pages
12 Jul 2020
School
Department
Course
Professor
Geog 102
Cultural Geography
Spring 2017
Geopolitics of Trade
First world favoritism
Most favored nation status
Generalized system of preferences
General Agreements on Tariffs and Trade (1947-95)
Countries with largest bargaining power can shape interest
Causes third world countries bargaining powers to decline
UNCTAD Group of 77 (1964)
Group of third world countries to try to negotiate new and better deal
Third world initiative for doing things differently
A lot of influence over a short period of time
Within GATT framework
World Trade Organization (1995)
The never ending Doha Round
Almost every country in the world belongs
Global institution
Governed by member countries
Prevent countries from cheating in global trade- placing barriers on trade
Court that countries can go to and protest
Also WTO takes subnational regions ie CA
Not an even court: in theory yes, in practice no
Too often powerful countries are more able to get their say heard
Acts as a forum for continuing agreements General Agreements of Tariff and Trade
Doha round: no resolution has been arrived at as of today
In theory WTO should be enforcing free trade
In practice far from a level playing field and favors countries that are already doing
well
Trans-Pacific Partnership
Build a free trade zone that spans the Pacific
Modeled after NAFTA
Will this be as beneficial for places like Vietnam and Malaysia as it is for US and
Australia
Negotiations have been occurring in secrecy
Free trade doctrine has not been realized for third world countries particularly for
those trapped as primary produced and primary commodity traders
Alternatives
South-South Trade: if third world countries are being screwed as a result of historical
trade relationships with the first world, trade with other third world countries instead
who share you same situation
Because a lot of countries are not manufacturing countries, this kind of trade
is limited in the needs it can satisfy
This has started to change
Unlock document

This preview shows half of the first page of the document.
Unlock all 2 pages and 3 million more documents.

Already have an account? Log in

Get OneClass Notes+

Unlimited access to class notes and textbook notes.

YearlyBest Value
75% OFF
$8 USD/m
Monthly
$30 USD/m
You will be charged $96 USD upfront and auto renewed at the end of each cycle. You may cancel anytime under Payment Settings. For more information, see our Terms and Privacy.
Payments are encrypted using 256-bit SSL. Powered by Stripe.