POLB50Y3 Lecture Notes - Lecture 12: Real Estate Bubble, Cultural Globalization, Foreign Direct Investment
7 Dec 2012
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Document Summary
Canada and the world: what is globalization. Breaks down distinction between international relations and domestic politics. Occupy madrid --> from occupy wall street. Arab spring --> social media played role in democratization. Housing bubble bursts in usa --> global recession. Top industries - manufacturing (32%); mining, oil and gas (19%) Us share of total direct investment - 53. 7% Branch plants may not develop as much. Cdn companies have access to us markets -good thing. Bringing mexico - lower wages and environmental standard. Foreign companies can sue gov"t if gov"t make regulations infringing profits. Idea that free trade may not benefit everyone equally. Canada has natural resources; usa has manufacturing. Eu - gave up currency to have common currency. Includes emphasis on conflict prevention and rebuild after conflict. Wto- replaced general agreement on tariffs and trades. As power moves up, connection gets strained. Tied aid - strings attached aid (pay back "loan") Id security risks while moving across borders significantly.
