Economy reelle: all economic activities which can exist without money
Economie financiere: sur all economic activities concerning money and financial capital
Globalisation def de l’OCDE one can notice that the economic activities on our planet reveal more and more a worldwide character. In this process of the development of a world wide character of economic activities the globalization represent the third development stage

Stage 1 Internationalisation
Growth of export flows in the worl>
Stage 2 Transnationalisation

Stage 3 globalisation

THOMAS OATLEY
The globalization world economy:
Globalization and income: rising poverty widening inequality
Globalization and Sweatshops
Trade and environnement
WTO AND THE WORLD TRADE SYSTEM ‘(oatley)
Power and interest and the world trade system
Hegemonic power and the creation of the postwar trade system
Hegemonic decline and the world trade system
The evolving world trade organization : new directions, new challenges
The greatest challenge? Regional trade arrangements and the WTO
RESUME
1-WTO rules a-Principle of non-discrimination a-1 the MFN a-2 the national treatment clause b- the principle of general and progressive lowering of tariffs c-the principle of multi-latéral trade agreements d- the principle of consolidation (because of consensus) principe du droit de punir par l’organe de reglement des différends (ORD) e-the principle of transparency (concerning domestic trade) f-the principle protection only through tarrifs implementation of the principles
MFN automatically only for GATT/WTO members
‘today over 153 members/ ind China Russia)
DE facto, decisions are taken by consensus
…
2-exceptions to the WTO rules
.1.The principles of non reciprocity (DC) (GSP)= discrimination positive ou general system of preference, offer des droits preferential
Gsp des etats unis, japon et de lunion européenne
.2. balance of payments-crisis =crise de balance de paiement valable dans les 2