ADM 3318 Lecture Notes - Lecture 1: International Monetary Fund, Uruguay Round, General Agreement On Tariffs And Trade
Document Summary
Formal and informal barriers to trade between countries. Barriers to foreign direct investment, transportation costs. It is headquartered in nyc, and was formed in 1945 to promote peace, security and cooperation. Agree to accept the obligations of the un charter: international treaty that sets out basic principles of international relations. Extend gatt to cover services and manufactured goods. Provided enhanced protection for patents, trademarks and copyrights. Imports all imply that firms are finding their home markets under attack from foreign competitors: the role of technological change, advances in communication, information processing and transportation technology, telecommunication global audience, transportation global village, microprocessors and telecommunications. Enabled the explosive growth of high-power, low cost computing, vastly increasing the amount of information that can be processed by individuals and firms technology. Moore"s law: the power of microprocessor technology doubles and its costs of production fall by half every 18 months.