GINS 2010 Lecture Notes - Lecture 2: World Trade Organization, International Monetary Fund, International Trade

• School: Carleton University
• Department: Global and International Studies
• Course: GINS 2010
• Professor: Pablo Heinrich

Document Summary

Lecture w - 2 (jan 18) gins 2010. Debating globalization (giddens) plus world is flat (friedman) Globalization - process going over time but very unequal in the amount of possibilities and constraints (global economic integration: financial, immigratio(cid:374), releva(cid:374)(cid:272)e . International trade, exports, imports, relevance to global production and consumption. Since end of ww2 3 key institutions - allies (us, great britain: world bank (wb) International monetary fund (imf: general agreement on trade & tariffs / world trade organization (wto) Its = no, then gatt = which became the wto. These promote a system of: pro-market econ policies (privatizations, deregulation, liberalization, negotiated global trade liberalization. Put a law that all imports into the us needed to pay 35% tax (us already largest trading economy) 32% to be exported out of britain: therefore, global trade collapsed, to basically having nothing imported (ex.