POL-UA 700 Final: Final Review (Recitation)
15 Aug 2015
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Document Summary
Final recitation review: international trade and finance development international law and human rights nuclear weapons terrorism everything else is theoretical from earlier in the course write clearly and concisely. same grading system as before. International trade and finance: comparative vs absolute advantage comparative: produce more efficiently of one item than all other items imposition of barriers of trade to benefit certain individuals and industries. You have a competitive advantage in whatever factor of production you are most abundant in quotas and tariffs: # of goods vs tax non tariff barrier: drug not approved in the united states but approved in the europe. Can"t trade in the us advantages: stability. stimulates trade disadvantages: limits government ability to create its own monetary policy (potentially disastrous in economic crisis) Development: geography domestic aid domestic institutions international factors randomized control trial reports: millennium villages project (sachs) the malaria nets: decreases incentive to actually use. people use them improperly.
