PUP-4203 Lecture Notes - Lecture 15: World Trade Organization, General Agreement On Tariffs And Trade, Trade Restriction
Document Summary
Concepts: environmental kuznets curve, turning point, world trade organizaion, free-trade agreements, polluion haven hypothesis. Capital stock- set level of an environmental stock or resources (level of biomass) Capital low- the rate it is being used. We also have inlows, a resource inlow comes from reproducion. Key diference between strong and weak- subsitutes, weak: subsitute economic stock, for ecological or social. Ecological footprint- does not assume subsitutability, inite amount of energy contained in the earth and we cant change of earths. What our consumpion paterns are relaive to what earth can provide us. Kuznets curve is a theory that posits a relaionship between gdp and environmental degradaion. Opimists think the relaionship is: the more stuf that youre producing the greater is your environmental impact. The largest economies are going to be the ones that pollute the most/have the most degradaion. Other people will say no the relaionship between the size of the economy and amount of degradaion is inversely proporional.
