Chapter 1 - Globalization and the Multinational Firm

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7 Terms

1
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what is foreign exchange risk

don’t know future exchange rates

2
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what is political risk

country can change the rules

3
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what are market imperfections

something that prevent free movement of things from crossing countried

4
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list of market imperfections

legal restriction

transactions and transportation cost

information asymmetry

disciminartory taxes

5
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expropration

goverment come in and take over private industry

6
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what is the theory of comparative advantage

its beneficial for everyone if they produce what they are good at

7
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is international trade increasing sum or zero sum

increasing sum