INTL 101 Lecture Notes - Lecture 7: Asian Development Bank, Jpmorgan Chase, Millennium Development Goals
Document Summary
A north-south binary: developed countries, supporters of globalization, open markets. Spread of capital and resources to areas in need: world economic forum: davos, switzerland, developing countries, aka global south , skeptical of globalization, anti-neoliberalism. Does not address their issues: poverty, trade fairness, transnational corporate behavior, unregulated capital flows, debt relief: world social forum: caracas, venezuela. Challenges in trade: some countries seek advantages over others by using unfair or illegal policy tools. Wto: dispute settlement: trade is subject to ups and downs of global economy, trade policies of individual countries, doha round: disagreements about opening markets, protectionism in agriculture, elimination of subsidies, intellectual property rights: encouraging further innovation or limiting diffusion of knowledge in. Free trade agreements: european union, asia: asean and apec, americas: mercosur (common market of the south), cafta-dr, ftaa, nafta: us, canada, and mexico. Labor conditions and environmental protection regulations ineffective: dampening support for ftas worldwide due to global financial crisis.
