MGT353 - Chapter 06

Countries 6 13 international monetary fund sister

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Unformatted text preview: ation to World Bank, created at same time Purpose is to make currency exchange easier for member countries so that they can participate in global trade Lends foreign exchange to member countries Imposes conditions on governments that receive its loans Has begun to offer debt relief to some nations 6-14 7 2/17/2014 World Trade Organization Founded in 1995, successor to General Agreement on Tariffs and Trade (GATT) International body that establishes the ground rules for trade among nations Its major objective is to promote free trade; attempts to eliminate barriers to trade (e.g. quotas, duties and tariffs) Conducts “rounds” of negotiations on various topics “Most favored nation” rule means members countries cannot discriminate against foreign products for any reason 6-15 The Benefits and Costs of Globalization Globalization is highly controversial Clearly, some benefit from globalization, while others do not What are some of the major arguments advanced by both side in the debate over this important issue? 6-16 8 2/17/2014 Figure 6.2 Benefits and Costs of Globalization 6-17 Comparative Political and Economic Systems Nations differ greatly in their political, social and economic systems First important dimension to consider is how power is exercised and degree of democratic rights Past century has been marked by spread of democratic rights to many nations for the first time 6-18 9 2/17/2014 Comparative Political Systems Democracy – The presence of political freedom Four defining features of democracy (according to the U.N.) Fair elections An independent media Separation of powers among the executive, legislative, and judicial branches of government An open society where citizens have the right to form their own independent organizations to pursue social, religious, and cultural goals 6-19 Comparative Political Systems Military dictatorships Repressive regimes ruled by dictators who exercise total power through control of the armed forces Examples include Zimbabwe and Uzbekistan Rights of citizens to organize for cultural or religious freedoms is restricted in others Examples include Iran, Saudi Arabia According to United Nations estimates, 106 countries still limit important civil and political freedoms 6-20 10 2/17/2014 Comparative Political Systems Degree to which human rights are protected differs greatly among nations Several international codes of human rights exist Most important one is United Nations Universal Declaration of Human Righ...
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This document was uploaded on 03/05/2014.

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