Quiz 3 Flashcards
20/20!!!!
Capital control
- Regulate currency exchange
- Prevent foreign investors from owning domestic business
- Force domestic investors to keep money at home
Protectionism
- Tariff: tax imports, make domestic goods cheaper
Non Tariff: health & safety or labeling laws or legality
World Trade Report
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.
Thompson: Protection of Migrants’ Rights & State Sovereignty
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)
Aguirre & Reese: The Challenges of Globalization for Workers: Transnational and Transborder Issues
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.
Neoliberalism
Deregulating capital markets, lowering trade barriers, redistribute wealth
Neoconservatism
Interventionism
The Race to the Bottom
Big corps control govts, workers forced into cheap labor
International Labor Organization tenants
Freedom to join union
Freedom to engage in collective bargaining
Abolition of forced & child labor
Equal pay men and women
Non-discrimination
Chen: Could a Global Living Wage Put an End to Corporations’ ‘Race to the Bottom’?
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)
Peters: Why did Republicans become so opposed to immigration?
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
Structural Adjustment Programs (Loans)
Improve labor laws
Improve social spending, govt programs
Privatize public sectors
Accept foreign investment
Lenin (Imperialism)
Big oil, arms industry can hijack govt
Wars of choice “force to buy”
Democracy & Capitalism can exist separately
Arvanitakis & Hornsby: Global Poverty & Wealth
Case against Globalization (Causes poverty by further entrenching inequality)
Causes of Poverty
History of exploitation
War/Political instabiliity
Structural economic conditions
Inequality
Reducing Poverty
Aid
Trade/Investment
Loans
UN Millenium Dev Goals
Slobodian: 20 years after Seattle, the clash of globalizations rages on
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
Kaya: How are geopolitical risks affecting the world economy
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)
Saxer: The coming world order
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
International Law
Customs (opinio juris, law opinion)
Treaties (pacta sunt servanda)
General Principles (non liquet, unanswerables)
Judicial decisions (case law)
Jus cogens (genocide)
UNSC
Europe, U.S., France, China, Russia, mostly white, hypocritical (Hassad gas = Trump airstrike)
Ad Hoc Tribunals
Nuremburg and Japan trials, Yugoslavian and Rwandan trials (criminals may cling to power to not be punished?)
Greenwood: Sources of Intl Law
Customary Intl Law: previous practice & obligation
Treaties: Pacta sunt servanda, all states must honor included parties
General principles, judicial decisions, writings, hierarchy of norms
Mutua: TWAIL
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.
