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Yulita-Fairina-Susanti Yulita Susanti Ph.D Global Economy and…

- - - - Absolute Advantage: The ability to produce products more efficient compare to another country
      - Comparative Advantage: The ability to produce specific product more efficient compare to another product
  - - - Group : Multimedia Book Review
      - Individual : Mind mapping video of course materials
      - Group:
        Event Analysis of the impact of Climate Change
        Individual: MNC Analysis of Merck Indonesia
      - Class Project: Doing Business in Indonesia
- - - - A tariff is a tax on imports
      - A quota is a physical limit on import quantity
    - - Generally, tariffs are lower in high income countries.
        
        Tariffs tend to be higher in lower income countries partly because they rely on them for government revenue.
        
        Tariffs are higher in agricultural products, apparel manufacturing, and textiles.
  - - - Relative
        Inflation Rates
        
        Relative Income
        
        Gov't restriction on flow of goods/services
        
        Relative
        Interest Rates
        
        Gov't restriction on Capital flow
        
        Risk Perception
- - - - Importing: bringing a good, service, or capital into the home country from abroad.
      - Licensing: an arrangement whereby a firm allows another company to use its brand name, trademark, technology, patent, copyright, or other assets in exchange for a royalty based on sales.
      - Exporting: making a product in the firm’s domestic marketplace and selling it in another country.
- - - - Competitiveness of Nation?
      - Sell in May and Go Away?
      - Twitter Drama (Elon Musk)?
  - - - Trade War
      - Pandemic COvid-19
      - Digital Disruption
      - Green/ESG
      - Russia-Ukraine War