POLB90H3 Lecture Notes - Lecture 9: Import Substitution Industrialization, World Trade Organization, Decision-Making
8 Dec 2015
School
Department
Course
Professor
Document Summary
But not in practice: green room meetings talks about the wto will discuss, these are dominated by northern countries, divide and rule tactics, lack of resources of ldcs industrial sector technology and taiwan. Ways in which wto restricts development policy choices. They are restricted in where northern countries are not restricted. One of the areas is industrial policy what governments can and cannot do to stimulate their: export promotion subsidies you give them cheap loans, funding for research and development to target industries. Definition of mnc: an enterprise that is based in one country, but operates and has assets in more. Direct foreign investment: an investment made by a company, based in one country, in another country, that involves investment in physical facilities (plants, mining installations, offices) They said improved living standards would come about with industrialization: production of manufactured products that had been previously imported. 1950s and 1960s: fdi invests to produce for the domestic market.
