WTO Law Class 2: History, quizz, Institutional Law Ferrara 2018 - - PowerPoint PPT Presentation

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WTO Law Class 2: History, quizz, Institutional Law Ferrara 2018 - - PowerPoint PPT Presentation

Oct 15, 2023 342 likes •559 views

WTO Law Class 2: History, quizz, Institutional Law Ferrara 2018 Dr. Holger Hestermeyer Shell Reader in Interna;onal Dispute Resolu;on, Kings College London Organiza;on n Exam n 26 April Reasons for Free Trade n Economic reasons: increasing

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WTO Law

Class 2: History, quizz, Institutional Law

Ferrara 2018

  • Dr. Holger Hestermeyer

Shell Reader in Interna;onal Dispute Resolu;on, King‘s College London

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Organiza;on

n Exam n 26 April

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Reasons for Free Trade

n Economic reasons: increasing wealth

n specializa;on n expanding markets n diffusion technologies and ideas n consumer benefits n theory: absolute v compara;ve advantage

n Peace and interna;onal stability

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Cri;ques of free trade

n Distribu;onal issues n Development requires protec;onist

policies (e.g. infant industry)

n Na;onal security n Hypocrisy of the rich: no free trade in

agriculture, tex;les, etc.

n Externali;es (e.g. health,

environmental, cultural issues)

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History

Nego;a;ons for the ITO 1947 GATT 1948 ITO Charter Protocol of Provisional Applica;on “Havana Charter” 1950 not submi_ed to US Senate

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History

  • 1949 Annecy Round
  • 1951 Torquay Round
  • 1955-56 Geneva Round
  • 1960-62 Dillon Round
  • 1962-67 Kennedy Round
  • 1973—79 Tokyo Round
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History

  • 1986-96 Uruguay Round
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Commodities (production)

  • Coffee
  • OIL

Coffee: February 2018, International Coffee Organization Oil: IEA

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GDP Nations (nominal)

2 3

1

Runners-up

  • Germany
  • UK
  • India
  • France
  • Brazil
  • Italy

Source: IMF, 2017

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GDP (nominal) per capita

2 3

1

Runners-up

  • Ireland
  • Iceland
  • (Italy: 25)

Source: IMF, 2017

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and Africa?

0,5 1 1,5 2 2,5 3 Nigeria South Africa Africa GDP in trillion $

Source: Wikipedia 2014/2015

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Quiz 4 – and Africa?

2 4 6 8 10 12 14 16 18 20 Nigeria South Africa Africa Japan China USA GDP in trillion $

Source: Wikipedia 2014/2015

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Exporters of Goods

2 3

1

Source: WTO 2016

Runners-up

  • Japan
  • Netherlands
  • Italy: 9
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Exporters of Commercial Services

2 3

1

Source: WTO 2014

Runners-up

  • France
  • China
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Destination of Italian Exports

2 3

1

Runners-up

  • UK
  • Spain

Source: global edge 2016

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Current Account Balance

Source: OECD 216

  • 500000
  • 400000
  • 300000
  • 200000
  • 100000

100000 200000 300000

In Billion US$

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Current Account Balance

Source: OECD 216

  • 6
  • 4
  • 2

2 4 6 8 10

In Billion US$

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Quiz 10 - Regionalism

EU EU SA SADC Trans-Pacific P Partnership CET CETA A TTIP TTIP

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Quiz 11 - Corporations

2 3

1

Runners-up

  • Royal Dutch Shell
  • ExxonMobil

By revenue

Source: Wikipedia

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Corporation revenue v. Country GDP

24) Argentina 25) Belgium 26) Taiwan 27) Norway 28) Austria 29) Iran 30) Thailand 31) United Arab Emirates

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In this class

  • WTO
  • GATT
  • Dispute se_lement in the WTO
  • GATS
  • TRIPS
  • FTAs
  • Brexit
  • Anyone who reads GATT is likely to have

his sanity impaired (Senator Eugene D. Milliken 1951)