SOSC 1000 Study Guide - Quiz Guide: Philippe Kirsch, Rome Statute Of The International Criminal Court, Countervailing Duties
Document Summary
Icj (international court of justice) judicial arm of un located in the hague, netherlands. Between 1947 and 2011, about 140 cases and requests for advisory opinions have been heard. Ntbs (non-tariff barriers to trade) forms of restricting imports other than tariffs. E. g. quota: ceiling on how many goods of a certain kind can be imported. Canadian government, which allows the exporters to dump their lumber into the us market at artificially low prices in 2004, wto and nafta panel found us claims to be flawed. European community both do this in regards to agricultural products: under wto regulations, though, a state may use countervailing duties against goods that receive subsidies/other forms of unfair support. E. g. zambia and iron ore; el salvador and coffee; botswana and diamonds. Economic liberals: would argue that a narrow export economy allows a state to use its comparative advantage to specialize in one niche of the world market.