geb7 - flaws - environmental impact and unequal...

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Chapter 8 Learning Objectives After studying this chapter, you should be able to: 1. make the case for global economic integration 2. understand the evolution of the GATT and the WTO, including current challenges 3. describe the advantages and disadvantages of regional economic integration 4. understand regional economic integration efforts in Europe, the Americas, Asia Pacific,  and Africa 5. participate in two debates on global and regional economic integration 6. draw implications for action
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GLOBAL ECONOMIC INTEGRATION Regional economic integration  -  efforts to reduce trade  and investment barriers within one region Global economic integration  -  efforts to reduce trade  and investment barriers around the globe benefits  -   global economic integration raises incomes,  generates jobs, and stimulates economic growth
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Unformatted text preview: flaws - environmental impact and unequal distribution of the fruits from more trade and investment among the haves and have-nots in the world General Agreement on Tariffs and Trade (GATT) Bretton Woods Conference introduced the idea for an organization to regulate trade as part of a larger plan for economic recovery after World War II GATT's main objective was reduction of barriers to international trade through reduction of tariff barriers, quantitative restrictions and subsidies on trade through a series of agreements. GATT was a treaty, not an organization The functions of the GATT were taken over by the World Trade Organization (WTO) which was established during the final round of negotiations in the early 1990s...
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This note was uploaded on 01/25/2011 for the course GEB 3373 taught by Professor Crum during the Spring '10 term at University of Florida.

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geb7 - flaws - environmental impact and unequal...

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