GEOG 216 Lecture Notes - Lecture 30: Uruguay Round, Kennedy Round, Doha Development Round
18 Nov 2016
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Document Summary
A prelude prior to wwii, most trade agreements were bilateral high levels of trade/output in early 20th century two parties involved. Bretton woods sets institutional basis of postwar global era. Principle objectives : stabilize international financial situation rebuild war-damaged economies in europe three main institutions established: (1) international bank for reconstruction and development later, the world bank facilitated investments, capital flows to these countries (2) international monetary fund. (1) countries reduce trade barriers through multilateral negotiations instead of negotiating things on a bilateral basis -> move to multilateral countries are negotiating with groups of countries. (2) agree not to raise them unilaterally. This changes in the mid 1960s With the development of unctad (1964) Since geneva, there has been eight other rounds of negotiations. most important rounds. * kennedy round countries agree to across the board reductions applying to entire industries, not. * 2 tokyo round one of the first where we see countries agree to specific rules over subsidies.
