Lecture 3 Notes

Lecture 3 Notes - Garrett Brnger 1/29/08 Lecture 3 (of...

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Garrett Brnger 1/29/08 Lecture 3 (of notes, 4 th Lecture overall) I. Multilateral Organizations and Associations 1) NAFTA – North American Free Trade Agreeement Free trade in goods and services between US, Canada and Mexico No free mobility of labour Business person’s agreement (stronger business people) 2) OPEC – Organization of Petrol Exporting Countries Strongest of any intergovernmental commodity producers (among, banana, copper, tin for example); Most members are in the developing nations of the world central commodity of the world Group of producers get together and agree on restrictions on production; 1973 – imposed limits on amount that could be exported allowed them to raise the price of oil. o Function of supply and demand Kuwait, Venezuela, Nigeria, Saudi Arabia 3) EU – European Union Labour is mobile 4) Different countries dominate different sectors GA – one country one vote Security Council – very exclusive to “DCs.” II.
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Lecture 3 Notes - Garrett Brnger 1/29/08 Lecture 3 (of...

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