Exercise 3. A)Multiple choice questions: names and dates (only one correct answer exists).(c) International Trade Organisation

A) Multiple choice questions: names and dates (only one correct answer exists). (c) International Trade Organisation

Q2: When did the ITO exist? (pp. 217-218) (c) It has never existed.

Q3: What is the GATT? (p. 218 (d) General Agreement on Tariffs and Trade

Q4: When was the GATT created? (p. 218) (b) 1948

Q5: What is the WTO? (p. 218) (b) World Trade Organisation

Q6: When was the WTO created? (p. 218-9) (c) 1995

Q7: In which decade was the Kennedy Round held? (p. 220) (b) the sixties

Q8: In which decade was the Tokyo Round held? (p. 220) (c) the seventies

Q9: In which decade(s) was the Uruguay Round held? (p. 220) (a) the eighties and nineties

Q10: Under what name did the WTO propose its trade negotiation round in 1999? (p. 224) (b) Millennium Round

B) Which of the following statements are true in the context of the GATT? Note: more than one correct answer exists. (pp. 218-219)

(a) The world’s principal trade organisation between 1948 and 1995.

(d) It is a fixed-rule system.

(e) It was based on the principle of multilateralism.

(g) Its rules were extended without discrimination to all member states.

(i) It embraced general reciprocity.

(j) It incorporated provisions for the impartial adjudication of disputes.

(m) It lacked an adequate dispute-settlement mechanism.

(o) It was founded on the principle of transparency.

(p) It created a forum for trade discussion.

D) Multiple choice questions (only one correct answer exists).

Q1: What did the so-called “new trade agenda” include? (p. 225) a) highly controversial issues

Q2: What type of highly controversial issues did the “new trade agenda” include? (p. 225) (b) labour standards, human rights, environment

Q3: According to the powerful groups of the developed world, … (p. 225) (d) these highly controversial issues should be incorporated into the international trade regime.

Q4: Economists, on the other hand, … (pp. 226-7) (c) strongly oppose the integration of trade liberalisation with these issues.

Q5: Which group rejects the idea that labour standards and human rights should be incorporated into trade negotiations? (p. 228) (c) economists

Q6: What solution does the textbook provide to the associated problems of human rights, child labour and labour standards? (p. 229) (c) There is a need for a combination of education and economic development.

Q7: Which groups have formed an “unholy alliance” against the WTO? (p. 229) (d) trade unions, ultraconservative neoisolationsists, environmentalists

Q8: Which institutions have become the symbols of globalisation and its negative effects? (p. 230) (b) WTO, World Bank, IMF

Q9: Which of the following statement is correct? (p. 230) (b) The WTO is not a supergovernment that could legislate new laws.

Q10: Which of the following statements characterises each of the major participants (i.e., the USA, Japan and the EU)? (p. 232) (c) Domestic political objectives took precedence over trade liberalisation.

topic 8.

The international monetary regime

Дата добавления: 2015-07-10