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BMS 3031 TRADE AND DEVELOPMENT

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BMS 3031 TRADE AND DEVELOPMENT Powered By Docstoc
					Lecture 3: Darren Hoad
 Market  based
 Global organisations
 Regional economic agreements
 Multinational / corporate landscape
 Trade increases
 FDI increases
 North / South / Core Periphery
  relationships?
 The Washington consensus
 Trade  worth $ 9.1 trillion in 2005 (WDM)
 Trade historical Importance -Trading
  Empires / trading exploitation
 Emergence of Centre Periphery
  relationships -Colonialism, Imperialism
  and Dependency
 Reciprocation and Comparative Advantage
  (Ricardo)
 Trade as motor of development ?
 Trade 2010 ?
 The WTO
   EU: Complete elimination of restrictions on goods flows,
    capital flows, and labor flows within Europe.
   NAFTA: Free trade among Canada, US, Mexico.
   Andean Pact: Bolivia, Colombia, Ecuador, Peru,
    Venezuela.
   Mercosur: Argentina, Brazil, Paraguay, Uruguay.
   Free Trade Area of the Americas (FTAA): 34 nations from
    Alaska to Argentina, planned start by 2005.
   ASEAN: Brunei, Indonesia, Laos, Malaysia, the Philippines,
    Myanmar, Singapore, Thailand and Vietnam.
   APEC: US, Canada, Japan, China, many in S.E. Asia,
    Australia.
   African trade blocs: 9 different trade blocs.
ASEAN
Seattle Ministerial 1999
1.   Founded in 1995 (1948), the WTO is an association of
     member states (140+)
2.   Based in Geneva, the WTO has a permanent
     Secretariat and an enforcement body (the Dispute
     Settlement Body)
3.   Trade Rounds
4.   Expanding free trade concessions equally to all
     members
5.   Establishing freer global trade with fewer barriers
6.   Making trade more predictable through established
     rules
7.   Making trade more competitive by removing subsidies
 GATS  – General Agreement on Trade in Services
 AOA – Agreement on Agriculture
 TRIPS – Trade Related Intellectual Property
 TRIMS
 GATT – General Agreement on Trade and Tarrifs
 ATC
 SPS
  http://www.jurisint.org/pub/06/en/index.htm
 Progressive   Liberalisation – ongoing process

 Most   Favoured Nation Treatment (MFN)

 National   Treatment (NT)

 Market   Access

 Necessity


 General    Exceptions (Article XX)
 According to the World Wide Fund for Nature
(WWF), the WTO is responsible for
undermining 7 of the world’s most important
(MEAs) environmental treaties.
How do you like your Dairy products –
chemical based or organic ? The WTO found
against the European Union when they tried to ban
hormone treated beef from entering Europe. Lobbied
by American beef producing groups, the WTO forced
the EU to accept harmful hormone treated beef
(allegedly responsible for accelerating puberty and
causing cancer)
   WTO ruled against the United States Marine Mammal
    Protection Act, which banned the import of Tuna from
    countries, whose fleets use fishing methods that kill
    dolphins.
   The US Endangered Species Act banned shrimp imports from
    countries that do not use devices (TEDS) designed to protect
    endangered sea turtles out of shrimping nets. The WTO
    ruled against the US ban
   Venezuela challenged the US through the WTO over the
    Clean Air Act, which demands clean gasoline. The WTO
    agreed and forced the US govt. And EPA to rewrite its anti-
    pollution measures.
   Burma-Massachusetts Case
   Chiquita Banana Case

				
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