Poli Sci 103 Lecture 11Outline of Last Lecture I. Non State ActorsOutline of Current Lecture I. World Trade OrganizationII. World BankIII. IMFIV. Multinational CorporationsCurrent LectureI. World Trade Organization- Successor to GATT (1947)- Promotes stable international economic order- Formal decisions over trade disputes- Decreases state soveirgnty, dominated by world powersII. World Bank- Originally IBRD- Private or gov. loans to developing countries- Upholds international economics- Promotes economic/political develop and environmental sustainabilityIII. International Monetary Fund- UN agency- Lender as last resort; helps to overcome short term balance of payments- Wealthier states dominate- Tension w/global southIV. Multinational Organizations- Primary agents of globalization of production- Foreign direct investments- Transnational banks- Reduce political borders- Impact domestic politics- Globally integrated
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