ADM 3318 Study Guide - Comprehensive Final Exam Guide - International, World Trade Organization, International Law

• School: University of Ottawa
• Department: Administration
• Course: ADM 3318
• Professor: Tyler Chamberlin

Document Summary

> both in terms of production and sales - important to think of consumer and industrial goods. > a great number of interconnected developments were necessary to realize this world. > agricultural, industrial, transportation, information and communications: institutions. > rules both formal laws and informal customs of behaviour: financial capital. Pathagoras (c. 500bc) we live on a sphere. Thomas friedman (nytimes) the ease by which we communicate, travel and trade has made the world essentially flat. Richard florida (uoft) the differences in terms of what gets produced and where make the world spikey. > only about 10% of economic activity is global, 90% is domestic in the us. Not so for trading countries such as canada. > some evidence of slowing globalization since the great crash of 2008/2009. > internationally, exports have become a larger part of developed countries" economies. > canadian exports have fallen back somewhat from historic highs in the 1990"s, on a percentage of the economy basis.