authors. This research is distinctive by focusing on class in international relations and by using the concept of hegemony in a relational sense. Hegemony is leadership through the active consent of other classes and groups. A central question of this neo-Gramscian research is whether an international class of capitalists has emerged. Some authors have answered in the positive. This paper, however, maintains that hegemony in the international realm is still exercised by the American state, though its
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multi-causal syntheses (John Ruggie,1989). Exogenous causes of state behavior as varying domestic interests, collective beliefs, and international institutions and norms tend to trump the effects of material power that is the core commitment of realism. Hence, there is a high tendency of differentiation between classical realists and realists who aknowledge that international politics are not independent from law, morality and economics. An example of this self-conscious dichotomy is the distinquish
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how the theory of comparative advantage relates to the need for international business. The theory of comparative advantage relates to the need for international business because it suggests that each country should use its comparative advantage to specialize in its production and rely on other countries to meet other needs. Therefore all countries would need to trade with each other competitively for the products they are not able to produce. b. Explain how the product cycle theory relates
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Chapter 1 – Q5) A- The factors include international trading, licensing, franchising, joint ventures, and acquiring or establishing subsidiaries. For example, those factors allow MNCs to penetrate global markets by exporting and giving a license to foreign countries for a certain fee. Through these factors, MNCs will have more strength in foreign countries and learn more about international markets. B- 1) The MNC becomes more successful when it can monitor managers of the foreign subsidiaries
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sustainability. 2. What are some of the disadvantages Blades could face as a result of foreign trade in the short run? In the long run? The disadvantages Blades could face as a result of foreign trade in the short run are: 1. Exchange rate risk. Blades would be exposed to currency fluctuation in the Thai baht if importation cost increase without Thai suppliers adjusting their price. 2. International economic condition; if Thailand’s economy undergoes recession, Blades would suffer from sales
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Chapter 3 is titled, International Institutions from an international business Perspective. Strong institutions are important for international decision making. They are important because they provide ways to settle conflict and resolve disagreements. Institutions also provide support and infrastructure for decision makers. Institutions are organizations constructed by a group, society, or culture to achieve a common goal that functions to provide stability and meaning to social life. The new institutional
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2011 ECONOMICS 121- INTERNATIONAL TRADE THEORY Course Description In this course we will study alternative models of international trade. We will examine gains from trade, income distribution impact of international trade. We will also examine issues of protectionism and commercial policy in developing as well as industrialized countries. This is a theory course; it does not cover case studies beyond the many examples provided in the book. Required textbook International Economics by Krugman, Obstfeld
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argument; derived demand; Gains from trade; absolute advantage; Unit labor requirement; nontraded goods. Multiple Choice Questions 1. Countries trade with each other because they are _______ and because of ______. A. different, costs B. similar, scale economies C. different, scale economies D. similar, costs E. None of the above. 2. Trade between two countries can benefit both countries if
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Journal of International Economics 77 (2009) 255–264 Contents lists available at ScienceDirect Journal of International Economics j o u r n a l h o m e p a g e : w w w. e l s ev i e r. c o m / l o c a t e / j i e On the origins of comparative advantage Arnaud Costinot ⁎ MIT and NBER, United States a r t i c l e i n f o Article history: Received 5 April 2007 Received in revised form 15 January 2009 Accepted 15 January 2009 Keywords: Complexity Institutional quality Human
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1. What is globalization, and what are some of the traditional international trade theories that support the concept of globalization? * Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical
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