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Four Cultural Diversity and International Trade—taking Stock and Looking Ahead

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Chapter Summary

The growing globalization of economic activities has led to an increase in the exchange of goods, services, capital as well as to the cross-border movement of people. These developments have had an influence on the legal framework of international business relations. Similar regulatory needs can obviously occur in various market segments and require a removal of cross-border trade barriers. The Diversity Convention successfully crystallizes a cumbersome development within international organizations, particularly within the UNESCO, intending to strengthen cultural values in a globalizing world. The key objectives of the Diversity Convention are: (1) recognition of cultural goods/expressions as (i) objects of trade and (ii) artifacts of cultural value in a more and more informational society; and (2) recognition of sovereign right of governments to decide on and implement cultural policies protecting cultural diversity irrespective of international trade rules. This chapter shows that trade and culture are corresponding social values.

Keywords: cross-border trade barriers; cultural diversity; cultural values; Diversity Convention; globalizing world; international organizations; international trade; UNESCO



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