This preview shows page 1. Sign up to view the full content.
Unformatted text preview: country benefit from opening to trade? What groups are hurt? What pattern of politics emerges?-Without mobility then the people working in that industry are out of luck because they have little to no skill in another factor. There are class conflicts because factor-based coalitions form to rally for protectionism. 4. What are the functions of the International Monetary Fund and World Bank? -They help govern forms of economic interaction that are not trade. Regulating trade is done by the WTO and regional organizations. 5. Does compliance with international law indicate that international law alters behavior? Explain. -Not necessarily. International organizations create international laws that are compromises amongst countries. The leaders of such organizations know that for a law to be successfully implemented it must not rely on a drastic change of behavior. If a country has to change their behavior they wont want to do it....
View Full Document
- Spring '07