New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

IR 292: lecture 3/17

by: Maritt Nowak

IR 292: lecture 3/17 IR 292

Maritt Nowak
GPA 3.47
Fundamental International Economics
James Baldwin

Almost Ready


These notes were just uploaded, and will be ready to view shortly.

Purchase these notes here, or revisit this page.

Either way, we'll remind you when they're ready :)

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Ch. 8 & 9
Fundamental International Economics
James Baldwin
Class Notes
Economics, Macroeconomics, International Economics, international relations
25 ?




Popular in Fundamental International Economics


This 0 page Class Notes was uploaded by Maritt Nowak on Tuesday March 22, 2016. The Class Notes belongs to IR 292 at Boston University taught by James Baldwin in Spring 2016. Since its upload, it has received 17 views. For similar materials see Fundamental International Economics in INTERNATIONAL RELATIONS at Boston University.

Similar to IR 292 at BU



Reviews for IR 292: lecture 3/17


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 03/22/16
IR 292 Thursday March 17 2016 Standards amp Trade cont d Evidence on Low Standards as a Predatory Practice Low standards are generally ineffective when it comes to enhancing competitiveness and attracting foreign investment countries can t simultaneously capture markets and attract foreign investment trade surplus needs capital outflows not inflows not much evidence that low labor standards obtain comparative advantage Trade and the Environment Trade and Environmental Impacts that do not Cross Borders proponents of trade barriers enforce environmental standards say without adequate enforcement of standards there s an environmental race to the bottom lack of enforcement in developing countries encourages rich countries industries to export pollution pollution havens Trade and Transboundary Environmental Problems transboundary environmental impacts happen when a country s pollution spills over into another EX a shared watershed polluted by an upstream user or industrial production in one country can create acid rain in another transboundary environmental impacts occur when similar activities in many countries lead to global impacts like global warming and ozone depletion Alternatives to Trade Measures enforcing sanctions labels for exports home country standards increased international negotiations Labels for Exports labeling certification process that produces a label attached on exported goods to show consumers that goods were produced under humane and environmentally sound conditions already in place in some instances problems sovereignty infringement consumers have to believe the label Increasing International Negotiations using existing international organizations or creating new agreements and organizations ILO can publish a list of countries who don t comply with standards WTO is not environmental but it allows international environmental agreements to be enforced Chapter 9 Trade and the Balance of Payments The Current Account movements of goods and services in and out of the country trade balance measures difference between exports and imports of goods and services trade deficit negative trade balance trade surplus positive merchandise trade balance US Current Account Balance large deficits began around 1982 and have remained constant the second in the early 90s current account deficit is not a sign of weakness in the short run the economic boom of the 90s increased the demand for imports while sluggish growth abroad limited export expansion the US deficit is not sustainable in the long term Introduction to the Financial and Capital Accounts capital account record of transfers of specific types of capital debt forgiveness personal assets brought by migrants from abroad transfer of real estate and other fixed assets military bases embassies both accounts are flows net measurements


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Jennifer McGill UCSF Med School

"Selling my MCAT study guides and notes has been a great source of side revenue while I'm in school. Some months I'm making over $500! Plus, it makes me happy knowing that I'm helping future med students with their MCAT."

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.