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Question 1:
Explain the main drivers of globalisation and ascertain whether they have helped to reduce the gap between the rich and the poor countries.
Question 2:
Discuss the four criteria of the evaluation framework. Please provide concrete examples to ascertain their importance.
Question 3:
‘One of the main reason for the choice of a joint venture as a mode of entry is that a joint venture substantially alleviates the problem of differing culture, language and legal system amongst other things'.
Given the above, discuss the benefits and costs of using a joint venture as a mode of entry into a foreign county.
Question 4:
"The eclectic paradigm combines elements of quite different approaches to international production, and so it should not be misunderstood as itself another general theory: ‘precisely because of its generality, the eclectic paradigm has only limited power to explain or predict particular kinds of international production; and even less the behaviour of individual enterprises,'"(Dunning, 1988a).
Question 5:
Discuss the benefits and costs of joining a Regional Trade Agreement.
(a) Describe all tests that you need to undertake prior to working with time series data. (b) Consider the following regression result: Standard Errors: (6.7525)
Following the general methodology used by econometricians as explained in the session for week 1 (eight steps), explain how you would proceed to determine if a good complies with t
when is an econometric model said to be simple and naive
analyze the trend of time series using semi-average method, method of least square regression and moving average method
diff between Mrs and Mrts
Factor that affect the volume of production
how can the factors of production be occupationally mobile
semi average method
Y1=Y21Y2+Bx+U1 Y2=Y21Y1+U2 First equation is demand and second is supply equation,can first equation be identifiable outline the method
Costs. a. Complete the following table. Total Product (Q) Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost
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