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

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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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This note was uploaded on 11/08/2011 for the course PHIL 448 taught by Professor Powers during the Spring '11 term at University of Delaware.

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