PSCI-1102 Lecture 22: Class 22
4 Nov 2016
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Document Summary
The comprehensive economic and trade agreement is a proposed free-trade agreement between canada and the european union. The agreement hit a hurdle last week when one of belgium s regions rejected the accord. International organizations represent the principal systematic attempts to overcome these issues of strategic interaction. Gatt lowered barriers, but its goal was not complete liberalization. Negotiating rounds addressed different issues or sectors. Goal is complete liberalization of all trade. Reciprocity extended to most favored nation status. While subsidies such as those for agriculture burden the poor in food-producing countries, they may have helped people in food importing countries. Land is scarce relative to capital and labor. Farmers are well organized, while consumers of food (everyone) are not. Electoral institutions (us senate and equal representation of scarcely and densely populated areas) Changes in interests and ability to compete in world market. National institutions (does it favor protectionist classes or consumers?)
