INTL 101 Lecture Notes - Lecture 6: Comparative Advantage, Uruguay Round, Core Countries
Document Summary
Emergence of private corporations as actors: dutch east india company. Treaty of westphalia and the modern state system. Britain emerging in the late 1700s, dominant through the nineteenth century. Decline as power spreads across europe, to japan and the united states. Intensification of economic rivalries and political tensions leading to wwi. Organized resistance to colonialism rule in africa. Collapse of the german economy plus expansion of japan leading to wwi. International bank for reconstruction and development (ibrd) (world bank): General agreement on tariffs and trade (gatt) : Decreased confidence on strength and ability of the dollar. Tried to convince europe and japan to open markets, ,but failed, leading to the unraveling of. Group of 77: ldcs from africa, asia and latin america with collective economic concerns. Bretton woods system benefitted core countries at the expensive of the peripheral countries: Comprehensive program of reform to bolster ldc economic performance and capacity: Enhanced and stabilized prices of food and raw materials.
