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4-5-11 - • Tie countries together through economic...

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Matt Deis 4/5/11 Philosophy The Sustainability Paradox Economic Theory Exchange is good More stuff to exchange Perfectly Competitive Market: No collusion to either increase or decrease prices, individual actors and suppliers and consumers, no entry barriers, perfect information, there are no costs to engage in an exchange Bretton Woods (1944): Tie countries together through economic means (decrease likelihood of war) IMF World Bank, GATT, WTO, NAFTA Goal: increase Global growth (increase the # of stuff exchanged and the # of exchanges)
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Unformatted text preview: • Tie countries together through economic means (decrease likelihood of war) Natural Resources • Labor, Technology, & means of production • Population increase (essential to the strength of the economy), limitless or renewable resources, manufacturing efficiencies Production/Consumption • Economies of Scale & specialization • Increase in wealth leads to an increase in consumption • Transport & “borders”...
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