Quiz 3

Question 1

Capital control

Answer 1

• Regulate currency exchange
• Prevent foreign investors from owning domestic business
• Force domestic investors to keep money at home

Question 2

Protectionism

Answer 2

• Tariff: tax imports, make domestic goods cheaper
  Non Tariff: health & safety or labeling laws or legality

Question 3

World Trade Report

Answer 3

Main Argument: Re-globalization needs to occur in order to facilitate the convergence of international economies. Tariffs, economic decoupling, MSME vs Big Corp are all contributions to rising wealth inequality. Trade & globalization are good for well-being, equality, development, etc.

Question 4

Thompson: Protection of Migrants’ Rights & State Sovereignty

Answer 4

Main Argument: Migrants do not harm state sovereignty, instead they help it. More opportunities and care needs to be directed to migrants to help sovereignty. (Limit
corruption, Transnational organized crime,
Human trafficking)

Question 5

Aguirre & Reese: The Challenges of Globalization for Workers: Transnational and Transborder Issues

Answer 5

Main Argument: Globalization leads to the exploitation of worker rights. Some solutions include revitalizing the labor movement, building alliances with other social movements, and challenging the hegemony of neoliberal ideology.

Question 6

Neoliberalism

Answer 6

Deregulating capital markets, lowering trade barriers, redistribute wealth

Question 7

Neoconservatism

Answer 7

Interventionism

Question 8

The Race to the Bottom

Answer 8

Big corps control govts, workers forced into cheap labor

Question 9

International Labor Organization tenants

Answer 9

Freedom to join union
Freedom to engage in collective bargaining
Abolition of forced & child labor
Equal pay men and women
Non-discrimination

Question 10

Chen: Could a Global Living Wage Put an End to Corporations’ ‘Race to the Bottom’?

Answer 10

Brazil, Russia, India, China, South Africa still fail to pay anything near a living wage for workers.

Asia Floor Wage would provide a minimum living wage (given family nutrition, housing, country’s level of development)

Question 11

Peters: Why did Republicans become so opposed to immigration?

Answer 11

Trump’s restrictionist approach to immigration: cut down on visas for immigrants w/o skills, limit agriculture/tourism industries in U.S.

Globalization reduces U.S. need for immigrants, factories overseas

Nativism is not increasing; fewer businesses demand low skilled migrants

Question 12

Structural Adjustment Programs (Loans)

Answer 12

Improve labor laws
Improve social spending, govt programs
Privatize public sectors
Accept foreign investment

Question 13

Lenin (Imperialism)

Answer 13

Big oil, arms industry can hijack govt
Wars of choice “force to buy”
Democracy & Capitalism can exist separately

Question 14

Arvanitakis & Hornsby: Global Poverty & Wealth

Answer 14

Case against Globalization (Causes poverty by further entrenching inequality)

Question 15

Causes of Poverty

Answer 15

History of exploitation

War/Political instabiliity

Structural economic conditions

Inequality

Question 16

Reducing Poverty

Answer 16

Aid

Trade/Investment

Loans

UN Millenium Dev Goals

Question 17

Slobodian: 20 years after Seattle, the clash of globalizations rages on

Answer 17

Leftists disrupt the 1999 WTO Seattle meeting bc they oppose the organization of placing rights of corps beyond democratic control

**Trump is killing the WTO to replace it with trade governance to give the U.S. and China global control

Question 18

Kaya: How are geopolitical risks affecting the world economy

Answer 18

Geopolitical Risk Index

Frequency of war/terrorism/tension articles
High GPR means high oil prices, lower investments, high inflation
Not forward looking, fails to distinguish between different risks (aggregate), fails to capture complexity, persistence

Macroeconomic Reforms:
Central bank mandates to respond to shocks better
Revamping WTO’s dispute settlement

Macroeconomic Risks:
Fragmentation of global markets
Climate change
Geopolitical (Russia-Ukraine, Israel-Hamas, China-Taiwan)

Question 19

Saxer: The coming world order

Answer 19

Chinese Belt and Road Initiative
Strait of Malacca and Hormuz, China’s supply chain can be blocked at any time, China builds-up arms to exile the U.S.
Taiwan Strait could start WWIII
Neutralize U.S.’s role in Eurasia by controlling Silk Road

Question 20

International Law

Answer 20

Customs (opinio juris, law opinion)

Treaties (pacta sunt servanda)

General Principles (non liquet, unanswerables)

Judicial decisions (case law)

Jus cogens (genocide)

Question 21

UNSC

Answer 21

Europe, U.S., France, China, Russia, mostly white, hypocritical (Hassad gas = Trump airstrike)

Question 22

Ad Hoc Tribunals

Answer 22

Nuremburg and Japan trials, Yugoslavian and Rwandan trials (criminals may cling to power to not be punished?)

Question 23

Greenwood: Sources of Intl Law

Answer 23

Customary Intl Law: previous practice & obligation

Treaties: Pacta sunt servanda, all states must honor included parties

General principles, judicial decisions, writings, hierarchy of norms

Question 24

Mutua: TWAIL

Answer 24

Third World Approaches to Intl Law

MAIN ARGUMENT

TWAIL aims to deconstruct the current international law that binds the third world (the powerless) to European control. TWAIL supports democracy, critical race theory, and sovereignty. TWAIL opposes the European/Christian/Capitalist/Imperialist influence, free market/private property being above human values, Neo-colonialism, and the New Global Order.

Question 25

Pejic: Accountability for International Crimes: From Conjecture to Reality

Answer 25

Pinochet arrested, returned to Chile
Ad Hoc Tribunals
ICC

MAIN ARGUMENT

Systems exist because states fail to enforce justice; the solution to international impunity is helping the local level domestic courts in the name of justice. Domestic courts, therefore, must also be fair in their proceedings from an international perspective.