Chapter 12 Trade Policy: Blocs and Blocks

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Chapter 12 Trade Policy Blocs and Blocks
Link to syllabus
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Figure 12.1 page 260Types of economic blocs
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Asean Countries
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Mercosur
Argentina Brazil Paraguay Uruguay
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Figure12.2 page 263Trade diversion and creation
in a trading bloc
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Map of Canada
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Map of Mexico
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Comparative Data
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Ex-Figure 12.3 taken outEstimates of the
effects of NAFTA on national incomes
Go Blue!!
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Figure 12.3 page 275Effects of an embargo on
exports to Iraq
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Figure 12.4 page 277Two kinds of economically
unsuccessful embargoes
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New Europe Map NYT Oct. 21, 2002
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Link to Europa on Parliament
Parliament
http//www.europa.eu.int/institutions/parliament/i
ndex_en.htm
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Link to Europa Commissions
Commissions http//www.europa.eu.int/comm/dgs_en.
htm
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Link to Europa on Expansion
Link to Europa expansion countries ,
at http//europa.eu.int/comm/enlargement/index_en
.html
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Table 5.5 CAP Budget Expenditures. P. 90
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Table 6.2 Shares of World Exports. page 117
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Figure 6.1 Extra-EUR Trade/GDP Page 119
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Figure 6.2 Intra and extra-EU Trade. Page 122
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Figure 2.1 Population Growth 1960-2050. Page 20
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Figure 3.1 Employment in the EUR15, USA and
Japan, 1960-1997. P.35
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Figure 3.2 Employment in Industry, 1960-1997. P.
36
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Figure 3.4 Unemployment in the Civilian Labor
Force, 1960-1997. Page 38
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Figure 3.9 Unions and bargaining power, 1994 p.
51
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Robert Mundell
Rudi Dornbusch 1942-2002 Born in Germany Studied
in Geneva and U. Chicago. He was brilliant.
Born in Canada in 1932. Taught at U. Chicago,
now at Columbia. Nobel prize 1999
Optimum currency areas Where costs of relocation
are minimized. Exports and imports are subject to
similar shocks. Example, western US and Canada
(raw materials) eastern US and Ontario/eastern
Canada (industry/services). Definition
consciously avoids political criteria.
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Performance Criteria for Maastricht/EURO.
Source Hansen European Integration
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The Sliding Euro
P. 497
EYE ON THE GLOBAL ECONOMY
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Jacques Delors
French, born 1925 Leader of the Socialist
Party President of the European Commission
1985-1995. Was able to forge the Maastricht
accord, and achieved the formalization of the EU
(single market), started off EMU Euro.
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(No Transcript)
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Table 4.2 Determinants of growth of productivity
in EUR15 page 60
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Table 4.4 GDP per capita, structural funds, and
investment p. 73
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Table 6.1 Average External Tariff p. 116