1) Why do countries introduce trade barriers? Analyse the alternative trade barriers and then discus

1) Why do countries introduce trade barriers?
Analyse the alternative trade barriers and then discuss the effect of a tariff / subsidy / quota / demand & supply / foreign investment / foreign exchange. 2) Critically evaluate the notion that the Ricardian view of the demonstrates that bilateral free trade is beneficial to both trading partners. *Chapter 3
– Absolute advantage (Adam Smith) *specialisation
– Comparative advantage (David Ricardo) *opportunity cost
etc… 3) A film is planning to expand its business to overseas. As a consultant , what are the different alternative methods available for the firm to enter the foreign markets?
Assess the advantage and disadvantage of each alternative method. *Chapter 2
– Indirect export
– Direct export
– Licensing
– Franchising
– Joint Ventures
– Direct investment
4) As the property prices in HKare increasing rapidly, many people in HK cannot afford to buy a flt, Instead, they are seeking the opportunity to buy flats in foreign countries. Your friend is interested in purchasing a flat in Japan in coming months. He asks for your advise with the USD-JPY exchange rate from 2003-2017 as below.
???? 1 Critically analyse the situation for you friend. What factors should you friend take into consideration before making his decision? *Chapter 10
– Exchange rate
– Political risk
etc..

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