BADM 1004- Final Exam Guide - Comprehensive Notes for the exam ( 27 pages long!)

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1810-1948: everyone was sick and poor, the west pulled ahead, industrial revolution, wwi & wwii, great depression. 1948-present: wwii ended, decolonization, many countries start to catch up. Help from private charities & foreign governments. China: dependent on exports, invest money in usa. Gnp: gross national product, gdp + what americans and us companies make ($) overseas. Shadow economy: illegal economy, unreported economy, unrecorded economy, informal economy. Ttp: partially about reducing trade barriers which are already very low, it includes: Copyrights: term of life-of-author plus 70 years, laws prohibiting tampering with copy-protection. 12-year ban on use by generics of clinical safety data by competitors. Investor-state arbitration: the investment dispute, arbitration can occur under either a bit or a concession contract, local negotiation and court period, the arbitration. If the company wins then it goes to enforcement if the government does not pay.

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