POLSCI 2J03 Lecture Notes - General Agreement On Tariffs And Trade, Progressive Alliance Of Socialists And Democrats, Intellectual Property
13 Feb 2014
School
Department
Course
Professor
Document Summary
Growth and protectionism: different trends going on at the same time, overall trend is towards more liberal trade at the same time with the persistence of protectionism in particular areas, magnitude and impact, trends in growth. Large growth with an equally large impact on countries are the world. Growth and trade has been greater than the growth in countries" gep. Of the overall growth trading with other people is a significant percentage; trade has become more important for each country in terms of its general economic health. Geographic concentration in the west: the vast majority of trade is circulating amongst rich countries . Composition (manufacturers to services: changing composition of trade, the most noticeable element has been a gradual shift from manufactured goods to services. Services are becoming more important as a trade object: entertainment, educational services, health etc, these shadow the transformation of economies in advanced. Financial / legal services industrialized worlds from manufacturing to services.
