PSCI 4356 Lecture 2: WTO
13 Feb 2017
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Wednesday, january 18, 2017 8:25 am: the globalization of trade. Postwar trade liberalization leads to a trade boom, lowered protectionism. Trade opens most in rich, industrialized (oecd) countries. In the 1970s there was worry japan would overtake the us, lead to global instability: however, there are now international infrastructure, igos. Institutionalized globalization might keep trade open: cold war alliance structures, one problem with hst is the entire warsaw pact and the nonaligned movement is ignored. International institutions: gatt/wto provide an institutional basis for expansion of international trade, enforceable reciprocal commitments, very clearly the dominant form of thinking in ipe, after wwii, world leaders wanted to nd a better way to structure world economy. International bank for reconstruction and development: now the world bank. Last 20 years the wto has done: added more members, ldc - economic growth, added nancial services focuses.
