1000 Final Exam Notes.docx - Part 1 Explain the meaning and...

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Part 1:Explain the meaning and significance of the term1.EPZ’sa.Export processing zones: Type of free trade zone set up generally in developing countries by their governments to promote industrial and commercial exports. In addition to providing the benefits of an EPZ, these zones offer other incentives such as exemptions from certain taxes and business regulations. Also called the development economic zone or special economic zone.b.The free zones have been criticized as United States of America-subsidized sweatshops. The 2001 documentary filmLife and Debtfeatures interviews with free zone workers, as well as with several prominent critics such as Michael Manley (the former Prime Minister of Jamaica), that support this view.2.Embedded Liberalisma.However, competing national interests challenged pure liberal principles, and the system emerged, which Ruggie had characterized as “embedded liberalism”, reflected many compromises: “unlike the economic nationalism of the thirties it would be multilateral in character; unlike the liberalism of the gold standard and free trade, its multilateralism would be predicated on domestic interventionism”b.Look at Bretton Woods!3.UN Declaration on the Rights of Indigenous Peoplesa.Garner – Adopted in September 2007 by the UN General Assembly.b.Within ECOSOC (the economic and social council) In 2002, representatives of the worlds 370 million Indigenous people created a forum, which is a permanent forum on Indigenous issues, forum oversees the implementation of the name of concept, it focuses on: Indigenous social, cultural, and economic development, education, the environment and human rights.c.Make regular reports and recommendations on how to improve the lives of Indigenous people, most are minority. d.The other two UN bodies that dealt with Indigenous issues were expert mechanism and special rapporteur.4.The Marshall Plana.Garner – The cold war had begun almost immediately after the end of WW1. In the absence of the common enemy that held the “Grand Alliance” together, the USSR and its wartime Western allies soon began jockeying for territory, giving rise to mutual suspicions and intense disputes over the systems of government to be imposed on newly liberated countries: Poland, Hungary, and Czechoslovakia. At the same time, dire economic conditions were developing in Western Europe following the war, and rebuilding programs were sluggish. b.This led to the European Recovery program, known as the “Marshall Plan”. The plan was named for US Security of State George Marshall, who announced a large-scale plan to deliver economic aid to Europe in June 1947. c.European recovery was seen as vital to US interests for a number of reasons: restoration of its own lucrative markets, strengthening of Europe economically and militarily vis-à-vis the Soviet Union, while containing “Euro-communism,” which was popular in France, Italy and other countries.
5.FIRE sector
a.A sector of the economy composed of finance, insurance, and real estate - hence

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