MGT3860 Z Hanak Fall 2006 THOUGHTS FOR POSSIBLE TERM PAPER TOPICS Statistical look at international trade Trade between two countries and trends, reasons for the trend Recent WTO members, accession process, change in trade World trade in a particular product, and any relationship to trade agreements Foreign direct investment flows, calculation of investment flows, trends, investment agreements Statistics for trade in services A look at individual countries and their experiences related to international trade Their approach to trade issues involvement in free trade agreements economic situation and integration in free trade Mexico's experience under the NAFTA comparison of experiences of the three NAFTA countries Trade "and" issues What do trade agreements actually say about the following “trade and…” issues, what are the main contentions about trade agreement effects and how can you test those contentions? Environment; relationship between international trade agreements and international environmental agreements, operation of GATT exceptions in relation to environmental matters Labor; International Labour Organization; race to the bottom; evidence from developing countries; “social dumping” and “levelling the playing field” NAFTA environment/labour side agreements Health Education Development/Developing countries Culture Negotiation of trade agreements Historical review -- What happened during -- the Canada-US FTA, the NAFTA, the MAI, the Uruguay Round and what were achievements, successes and failures Canadian provinces (or other subnationals) and international trade agreements and negotiations; effects on provinces; disputes; relationship with the federal government, constitution. Surrender of sovereignty in a trade agreement or exercise of sovereignty? Issues for Alberta Energy chapter/proportional sharing softwood lumber BSE case – relation to trade agreements – what are the relevant agreements and what are potential complaints Trade and Health Care/social services. Changes in health care delivery – private clinics? Trade agreement implications Water Trade. Water allocations between US and Canada Issues for specific industries Computer/software – intellectual property call centers – “offshoring”: Canada-US auto trade, loss of Auto pact Current issues in international trade Currency, exchange rates and its effects on trade; potential for an international agreement on exchange rates North American integration – next steps in NAFTA improvements, thoughts about priorities "legitimacy" of international trade institutions – why the protests? Is concern about power of international trade institutions warranted? US approach to trade agreements, NAFTA dispute resolution? Globalization, integration vs. isolation. Trade theory Beyond simplistic comparative advantage; new/current theories of why countries engage in international trade and the benefits and costs of international trade. Explanations of patterns of trade. General equilibrium models. use of trade remedies -- countervailing duties/anti-dumping – do they work? Should we have them? 2 treatment of subsidies in international trade rules, what kind of disciplines are there and what kind of disciplines should there be? Why should governments choose to subsidise regional trading blocs and bilateral agreements and their relationship to the WTO customs unions, free trade “zones” International dispute settlement; how does it work in a particular agreement, how should it work, how effective is it? Investment Regulation of foreign investment; should it be regulated and how; what are current international agreements on investment and what benefits do they provide? NAFTA Chapter 11 investor-state disputes; giving up sovereignty? Excessive benefits to foreign investors? pros and cons of foreign investment Services International trade obligations related to trade in services; application of concepts developed for goods; Measuring international trade in services; what services does Canada export, why, and relation to trade agreements? Developing countries and trade in services Institutions What is the role of various international institutions in international trade and countries’ approaches to international trade (UNCTAD, UNCITRAL, IMF, World Bank) Relationship between WTO and other international organizations (ILO) 3