GEOG 216 Lecture Notes - General Agreement On Tariffs And Trade, Smart People, Food Safety
5 Dec 2012
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Document Summary
12/5/12 1:01 am: finance easy to move. Glocalization: even things we think of as global, happen in particular places: the financial crisis was caused by particular places and had consequences in particular places. Three types of cities: supply constrained, high growth, slow growth, no supply constraint, recent boomers. Jobs lost: financial, manufacturing, construction, public sector. One in a long series of escalating financial crises. Gats, trips: gats: general agreement on trade and services, trips: agreement on intellectual property. Most favoured nation: us gives mfn to countries, if the country is part of the wto. Customs union vs. free trade area: customs union: european union, common tariff policy to the world, no tariffs within the union. Tariff: a percent tax on goods that come into the country. Quotas: give a specific number of a certain item that can come into a country. Argues that quotas are worse than tariffs: wants to change quotas into tariffs (gatt)
