Lecture International trade and investment: Chapter 7 - John Gionea

Chapter 7: The Multilateral Trade and Investment Framework WT O 154RuedeLausanne,Geneva Countervailing Measures D S B Appellate Body Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea TOPIC PLAN • Brief history of trade • GATT creation and impact on world trade • Basic principles of GATT • The Uruguay Round results • Post­Uruguay Round progress:Basic Telecommunications;Information Technology; Financial Services • The World Trade Organisation (WTO) • WTO’s dispute settlement • The next WTO round • UNCTAD • Progress to date in FDI liberalisation Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea Ancient trade • One of the oldest economic activities • First cities and trade (about 6000 BC): Mesopotamia (Babylon);Northern China; India;Central America. • Trade between urban centres (e.g. Mesopotamia, Egypt and the Eastern Mediterranean) grew: food, cotton, timber, domesticated animals etc. • Greek city states e.g.. Athens and Sparta (around 500BC) expanded trade. Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea Ancient trade • The Roman Empire(300BC­400AD) – emphasised business – Pax Romana(The Roman Peace) – Common coinage – Systematic law and administration – Central market locations/Cities – Excellent communication system • Other city­nations and tribes joined the empire and agreed to pay tributes and taxes • The fall of the Roman empire(5th century AD) Copyright ©2003 McGraw­Hilll Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea Trade under European feudalism (c.700­c.1500AD) • Following the fall of the Roman empire (476AD) ­decline in urban life/trade for about 500 years • Closed­state economy pursuing self­sufficiency • 11th century AD­revival in export trade: Italy, Low Countries,German Hanse towns; • East­West trade: Europe importing: spices, rice, oranges, dyes, cotton and silk;Western European merchants exporting: timber, arms, woollen clothing etc. • Trading associated practices (e.g. banking, double­entry bookkeeping, bills of exchange, tariffs and commercial organisations) were introduced in the 15th and 16th century. Copyright ©2003 McGraw­Hill Australia Pty Ltd PPTs t/a International Trade and Investment by John Gionea Slides prepared by John Gionea ... - tailieumienphi.vn