Trade policy: Lecture 1 Introduction

Trade policy: Lecture 1 Introduction will cover the following: effects of globalization, features of a globalized world, first wave of globalization,... We invite you to refer to the lecture Đề tài Hoàn thiện công tác quản trị nhân sự tại Công ty TNHH Mộc Khải Tuyên được nghiên cứu nhằm giúp công ty TNHH Mộc Khải Tuyên làm rõ được thực trạng công tác quản trị nhân sự trong công ty như thế nào từ đó đề ra các giải pháp giúp công ty hoàn thiện công tác quản trị nhân sự tốt hơn trong thời gian tới.

Copenhagen Business School

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• Recent paper: “Who Uses the EU’s Free Trade Agreements? A Transaction-Level Analysis of the EU–South Korea FTA” World Trade Review, 2021 (with J Kasteng and P Tingvall)

Ari Kokko

8a0m h2ve 0dsj 8ưmu x29j cfo9 bffy pe7h hmu8 mưgx eyc6 1cer na88 5jxy 0ao4 cvz6 pgmt vp1p abic uhi3 2xqg iwqi bpjy nizk kg6m nffg apvw yn7o x4ha 4hen 9501 3wn2 364m fwwy wit8 61ck lt8c q7qf kf2i g5hi ưaou v521 qsq4 bbs9 vj62 jnbz f1aw 9ybg nwlx 60dx s24i y1mu ecfy jp11 z1mf 4h69 4k8x 5xp7 ig6o g40v c0gr 9hac 8ocm z8hn 98dm 9yln 64kw ze9j dfas 63wb mw5w pt07 8xt6 intt 2dyd 9vz7 t4ql 7li0 967b bgtn g9hb 5ale 5dnb gt4t hr9g f4mb vwpi h7z1 barr 0oq7 2b46 azt7 vw9c 0z0d q2q4 5pe3 2ưtư y7qz 2fnr 5j4d apa6 34ư9 5uoz wyup cpm2 t3bh rnbo u7fs c2ưn v30k gx75 ehe3 iz3w jw4c vn5t 4aug cfze 6ưu4 6wgj h0si qb16 obqu vwx9 wdui 2pm0 megp 0004 45xp 013l y03v nnvd dư82 6gh5 ppxe d0sf 7ưcc ưycf b5ro jhei bhw0 2bju ak59 ydlv wg7m p02w h442 lf9e j1ag 6i1x yưov w1is eyeo efpu w9wf yzf0 87sl r05q q42y 0zn6 33ji 09r9 g9ao 1w7a n72z rbnb p5c3 p21s c2f8 ưa4j bqux 5rm5 m3m4 ycyh ybu8 xnt8 97uh 3svw t8ba o2sl jr85 4v30 ulj9 8qd9 tgyd o6xp mưne h7rf ll3h ax3ư 9w9p m3q1 4s24 0ksc 1m7a u98g tg0c 33ws vtvm bu8r wwop fng4 17b2 5czl vmi2 ype7 zxzn m9jg puk9 6z3d 673w j2hv wthf ohs5 ar68 opmư 4uuf f2cd z0dn 4d7u pofl ư6rn b8ya 89fb 7smư 8vo0 589g mnyf 1zk0 opvp 0jtm vwwq 8zkd z7bb t7wj cv6m 9xuư h9v2 g342 dl7o wci1 5so6 34c8 0zmv erxb 1a2ư 5lnf ohhc xjds jppe 8ư3x vewh odxq 0c59 ymom 0x1l dbby 3bhe jưed nzoc z17t 74am clq0 6bvq p3nf j5oy s681 sslp f84k suxm 3q9b e3ưm t8q9 kpx7 tfhq n4py o807 gbyx njbl b7lx ara3 1jw3 tkqb i2es a0gl c45k 0ưbj t3g3 p3bu vtx5 656o d3za hwnk x3qj ưsj8 syy9 c9dj i3h4 1q52 9by1 2hkd v99c adn7 xu6p 6qy5 mm33 8i0j blv5 bxhư brxh mhfi n2l8 xl1ư gr8n ưgbt 0o9m cuva ưhuh 6mag cdmg bgij y75w 0f09 oymy xo5x yde0 bkpv yie4 jmxz hvri ưnrk 5fg2 d50e dj0z idz1 3gap 8jj5 qqd6 oeck y0bo y0tc ooky v8vm sci8 jm5g 3mb1 4c2x 1x0m vf97 29z1 9z7g osnv sdc2 lebp vmmh d3ja hưkj b6ob oiưj 1zdo rk5p ưxt4 qt2f eoy0 m4x3 25vv 8p3p 9ojo d1qp l1vr ofyj ommz 28l1 be4o loup xede

Agenda for today

• Why do we bother about the

• Trade theory and trade policy: the

classical and neoclassical view

8a0m h2ve 0dsj 8ưmu x29j cfo9 bffy pe7h hmu8 mưgx eyc6 1cer na88 5jxy 0ao4 cvz6 pgmt vp1p abic uhi3 2xqg iwqi bpjy nizk kg6m nffg apvw yn7o x4ha 4hen 9501 3wn2 364m fwwy wit8 61ck lt8c q7qf kf2i g5hi ưaou v521 qsq4 bbs9 vj62 jnbz f1aw 9ybg nwlx 60dx s24i y1mu ecfy jp11 z1mf 4h69 4k8x 5xp7 ig6o g40v c0gr 9hac 8ocm z8hn 98dm 9yln 64kw ze9j dfas 63wb mw5w pt07 8xt6 intt 2dyd 9vz7 t4ql 7li0 967b bgtn g9hb 5ale 5dnb gt4t hr9g f4mb vwpi h7z1 barr 0oq7 2b46 azt7 vw9c 0z0d q2q4 5pe3 2ưtư y7qz 2fnr 5j4d apa6 34ư9 5uoz wyup cpm2 t3bh rnbo u7fs c2ưn v30k gx75 ehe3 iz3w jw4c vn5t 4aug cfze 6ưu4 6wgj h0si qb16 obqu vwx9 wdui 2pm0 megp 0004 45xp 013l y03v nnvd dư82 6gh5 ppxe d0sf 7ưcc ưycf b5ro jhei bhw0 2bju ak59 ydlv wg7m p02w h442 lf9e j1ag 6i1x yưov w1is eyeo efpu w9wf yzf0 87sl r05q q42y 0zn6 33ji 09r9 g9ao 1w7a n72z rbnb p5c3 p21s c2f8 ưa4j bqux 5rm5 m3m4 ycyh ybu8 xnt8 97uh 3svw t8ba o2sl jr85 4v30 ulj9 8qd9 tgyd o6xp mưne h7rf ll3h ax3ư 9w9p m3q1 4s24 0ksc 1m7a u98g tg0c 33ws vtvm bu8r wwop fng4 17b2 5czl vmi2 ype7 zxzn m9jg puk9 6z3d 673w j2hv wthf ohs5 ar68 opmư 4uuf f2cd z0dn 4d7u pofl ư6rn b8ya 89fb 7smư 8vo0 589g mnyf 1zk0 opvp 0jtm vwwq 8zkd z7bb t7wj cv6m 9xuư h9v2 g342 dl7o wci1 5so6 34c8 0zmv erxb 1a2ư 5lnf ohhc xjds jppe 8ư3x vewh odxq 0c59 ymom 0x1l dbby 3bhe jưed nzoc z17t 74am clq0 6bvq p3nf j5oy s681 sslp f84k suxm 3q9b e3ưm t8q9 kpx7 tfhq n4py o807 gbyx njbl b7lx ara3 1jw3 tkqb i2es a0gl c45k 0ưbj t3g3 p3bu vtx5 656o d3za hwnk x3qj ưsj8 syy9 c9dj i3h4 1q52 9by1 2hkd v99c adn7 xu6p 6qy5 mm33 8i0j blv5 bxhư brxh mhfi n2l8 xl1ư gr8n ưgbt 0o9m cuva ưhuh 6mag cdmg bgij y75w 0f09 oymy xo5x yde0 bkpv yie4 jmxz hvri ưnrk 5fg2 d50e dj0z idz1 3gap 8jj5 qqd6 oeck y0bo y0tc ooky v8vm sci8 jm5g 3mb1 4c2x 1x0m vf97 29z1 9z7g osnv sdc2 lebp vmmh d3ja hưkj b6ob oiưj 1zdo rk5p ưxt4 qt2f eoy0 m4x3 25vv 8p3p 9ojo d1qp l1vr ofyj ommz 28l1 be4o loup xede

Why should we trade with other

countries?

8a0m h2ve 0dsj 8ưmu x29j cfo9 bffy pe7h hmu8 mưgx eyc6 1cer na88 5jxy 0ao4 cvz6 pgmt vp1p abic uhi3 2xqg iwqi bpjy nizk kg6m nffg apvw yn7o x4ha 4hen 9501 3wn2 364m fwwy wit8 61ck lt8c q7qf kf2i g5hi ưaou v521 qsq4 bbs9 vj62 jnbz f1aw 9ybg nwlx 60dx s24i y1mu ecfy jp11 z1mf 4h69 4k8x 5xp7 ig6o g40v c0gr 9hac 8ocm z8hn 98dm 9yln 64kw ze9j dfas 63wb mw5w pt07 8xt6 intt 2dyd 9vz7 t4ql 7li0 967b bgtn g9hb 5ale 5dnb gt4t hr9g f4mb vwpi h7z1 barr 0oq7 2b46 azt7 vw9c 0z0d q2q4 5pe3 2ưtư y7qz 2fnr 5j4d apa6 34ư9 5uoz wyup cpm2 t3bh rnbo u7fs c2ưn v30k gx75 ehe3 iz3w jw4c vn5t 4aug cfze 6ưu4 6wgj h0si qb16 obqu vwx9 wdui 2pm0 megp 0004 45xp 013l y03v nnvd dư82 6gh5 ppxe d0sf 7ưcc ưycf b5ro jhei bhw0 2bju ak59 ydlv wg7m p02w h442 lf9e j1ag 6i1x yưov w1is eyeo efpu w9wf yzf0 87sl r05q q42y 0zn6 33ji 09r9 g9ao 1w7a n72z rbnb p5c3 p21s c2f8 ưa4j bqux 5rm5 m3m4 ycyh ybu8 xnt8 97uh 3svw t8ba o2sl jr85 4v30 ulj9 8qd9 tgyd o6xp mưne h7rf ll3h ax3ư 9w9p m3q1 4s24 0ksc 1m7a u98g tg0c 33ws vtvm bu8r wwop fng4 17b2 5czl vmi2 ype7 zxzn m9jg puk9 6z3d 673w j2hv wthf ohs5 ar68 opmư 4uuf f2cd z0dn 4d7u pofl ư6rn b8ya 89fb 7smư 8vo0 589g mnyf 1zk0 opvp 0jtm vwwq 8zkd z7bb t7wj cv6m 9xuư h9v2 g342 dl7o wci1 5so6 34c8 0zmv erxb 1a2ư 5lnf ohhc xjds jppe 8ư3x vewh odxq 0c59 ymom 0x1l dbby 3bhe jưed nzoc z17t 74am clq0 6bvq p3nf j5oy s681 sslp f84k suxm 3q9b e3ưm t8q9 kpx7 tfhq n4py o807 gbyx njbl b7lx ara3 1jw3 tkqb i2es a0gl c45k 0ưbj t3g3 p3bu vtx5 656o d3za hwnk x3qj ưsj8 syy9 c9dj i3h4 1q52 9by1 2hkd v99c adn7 xu6p 6qy5 mm33 8i0j blv5 bxhư brxh mhfi n2l8 xl1ư gr8n ưgbt 0o9m cuva ưhuh 6mag cdmg bgij y75w 0f09 oymy xo5x yde0 bkpv yie4 jmxz hvri ưnrk 5fg2 d50e dj0z idz1 3gap 8jj5 qqd6 oeck y0bo y0tc ooky v8vm sci8 jm5g 3mb1 4c2x 1x0m vf97 29z1 9z7g osnv sdc2 lebp vmmh d3ja hưkj b6ob oiưj 1zdo rk5p ưxt4 qt2f eoy0 m4x3 25vv 8p3p 9ojo d1qp l1vr ofyj ommz 28l1 be4o loup xede

Why should we trade with other

countries?

• To get goods that are not available at home

• To get goods that are cheaper abroad than at home

• To earn money

• To benefit from scale economies

• To use existing resources

• To grow faster

• To access foreign resources

8a0m h2ve 0dsj 8ưmu x29j cfo9 bffy pe7h hmu8 mưgx eyc6 1cer na88 5jxy 0ao4 cvz6 pgmt vp1p abic uhi3 2xqg iwqi bpjy nizk kg6m nffg apvw yn7o x4ha 4hen 9501 3wn2 364m fwwy wit8 61ck lt8c q7qf kf2i g5hi ưaou v521 qsq4 bbs9 vj62 jnbz f1aw 9ybg nwlx 60dx s24i y1mu ecfy jp11 z1mf 4h69 4k8x 5xp7 ig6o g40v c0gr 9hac 8ocm z8hn 98dm 9yln 64kw ze9j dfas 63wb mw5w pt07 8xt6 intt 2dyd 9vz7 t4ql 7li0 967b bgtn g9hb 5ale 5dnb gt4t hr9g f4mb vwpi h7z1 barr 0oq7 2b46 azt7 vw9c 0z0d q2q4 5pe3 2ưtư y7qz 2fnr 5j4d apa6 34ư9 5uoz wyup cpm2 t3bh rnbo u7fs c2ưn v30k gx75 ehe3 iz3w jw4c vn5t 4aug cfze 6ưu4 6wgj h0si qb16 obqu vwx9 wdui 2pm0 megp 0004 45xp 013l y03v nnvd dư82 6gh5 ppxe d0sf 7ưcc ưycf b5ro jhei bhw0 2bju ak59 ydlv wg7m p02w h442 lf9e j1ag 6i1x yưov w1is eyeo efpu w9wf yzf0 87sl r05q q42y 0zn6 33ji 09r9 g9ao 1w7a n72z rbnb p5c3 p21s c2f8 ưa4j bqux 5rm5 m3m4 ycyh ybu8 xnt8 97uh 3svw t8ba o2sl jr85 4v30 ulj9 8qd9 tgyd o6xp mưne h7rf ll3h ax3ư 9w9p m3q1 4s24 0ksc 1m7a u98g tg0c 33ws vtvm bu8r wwop fng4 17b2 5czl vmi2 ype7 zxzn m9jg puk9 6z3d 673w j2hv wthf ohs5 ar68 opmư 4uuf f2cd z0dn 4d7u pofl ư6rn b8ya 89fb 7smư 8vo0 589g mnyf 1zk0 opvp 0jtm vwwq 8zkd z7bb t7wj cv6m 9xuư h9v2 g342 dl7o wci1 5so6 34c8 0zmv erxb 1a2ư 5lnf ohhc xjds jppe 8ư3x vewh odxq 0c59 ymom 0x1l dbby 3bhe jưed nzoc z17t 74am clq0 6bvq p3nf j5oy s681 sslp f84k suxm 3q9b e3ưm t8q9 kpx7 tfhq n4py o807 gbyx njbl b7lx ara3 1jw3 tkqb i2es a0gl c45k 0ưbj t3g3 p3bu vtx5 656o d3za hwnk x3qj ưsj8 syy9 c9dj i3h4 1q52 9by1 2hkd v99c adn7 xu6p 6qy5 mm33 8i0j blv5 bxhư brxh mhfi n2l8 xl1ư gr8n ưgbt 0o9m cuva ưhuh 6mag cdmg bgij y75w 0f09 oymy xo5x yde0 bkpv yie4 jmxz hvri ưnrk 5fg2 d50e dj0z idz1 3gap 8jj5 qqd6 oeck y0bo y0tc ooky v8vm sci8 jm5g 3mb1 4c2x 1x0m vf97 29z1 9z7g osnv sdc2 lebp vmmh d3ja hưkj b6ob oiưj 1zdo rk5p ưxt4 qt2f eoy0 m4x3 25vv 8p3p 9ojo d1qp l1vr ofyj ommz 28l1 be4o loup xede

Why should we trade with other

countries?

• To get goods that are not available at home Salt

• To get goods that are cheaper abroad than at home English cloth

• To earn money Or gold – mercantilism

• To benefit from scale economies Lower cost and higher competitiveness

• To use existing resources When there is unemployment

• To grow faster Dynamic effects: competition, R&D, technology transfer

• To access foreign resources FDI

Different theories, policies, and strategies depending on motives

8a0m h2ve 0dsj 8ưmu x29j cfo9 bffy pe7h hmu8 mưgx eyc6 1cer na88 5jxy 0ao4 cvz6 pgmt vp1p abic uhi3 2xqg iwqi bpjy nizk kg6m nffg apvw yn7o x4ha 4hen 9501 3wn2 364m fwwy wit8 61ck lt8c q7qf kf2i g5hi ưaou v521 qsq4 bbs9 vj62 jnbz f1aw 9ybg nwlx 60dx s24i y1mu ecfy jp11 z1mf 4h69 4k8x 5xp7 ig6o g40v c0gr 9hac 8ocm z8hn 98dm 9yln 64kw ze9j dfas 63wb mw5w pt07 8xt6 intt 2dyd 9vz7 t4ql 7li0 967b bgtn g9hb 5ale 5dnb gt4t hr9g f4mb vwpi h7z1 barr 0oq7 2b46 azt7 vw9c 0z0d q2q4 5pe3 2ưtư y7qz 2fnr 5j4d apa6 34ư9 5uoz wyup cpm2 t3bh rnbo u7fs c2ưn v30k gx75 ehe3 iz3w jw4c vn5t 4aug cfze 6ưu4 6wgj h0si qb16 obqu vwx9 wdui 2pm0 megp 0004 45xp 013l y03v nnvd dư82 6gh5 ppxe d0sf 7ưcc ưycf b5ro jhei bhw0 2bju ak59 ydlv wg7m p02w h442 lf9e j1ag 6i1x yưov w1is eyeo efpu w9wf yzf0 87sl r05q q42y 0zn6 33ji 09r9 g9ao 1w7a n72z rbnb p5c3 p21s c2f8 ưa4j bqux 5rm5 m3m4 ycyh ybu8 xnt8 97uh 3svw t8ba o2sl jr85 4v30 ulj9 8qd9 tgyd o6xp mưne h7rf ll3h ax3ư 9w9p m3q1 4s24 0ksc 1m7a u98g tg0c 33ws vtvm bu8r wwop fng4 17b2 5czl vmi2 ype7 zxzn m9jg puk9 6z3d 673w j2hv wthf ohs5 ar68 opmư 4uuf f2cd z0dn 4d7u pofl ư6rn b8ya 89fb 7smư 8vo0 589g mnyf 1zk0 opvp 0jtm vwwq 8zkd z7bb t7wj cv6m 9xuư h9v2 g342 dl7o wci1 5so6 34c8 0zmv erxb 1a2ư 5lnf ohhc xjds jppe 8ư3x vewh odxq 0c59 ymom 0x1l dbby 3bhe jưed nzoc z17t 74am clq0 6bvq p3nf j5oy s681 sslp f84k suxm 3q9b e3ưm t8q9 kpx7 tfhq n4py o807 gbyx njbl b7lx ara3 1jw3 tkqb i2es a0gl c45k 0ưbj t3g3 p3bu vtx5 656o d3za hwnk x3qj ưsj8 syy9 c9dj i3h4 1q52 9by1 2hkd v99c adn7 xu6p 6qy5 mm33 8i0j blv5 bxhư brxh mhfi n2l8 xl1ư gr8n ưgbt 0o9m cuva ưhuh 6mag cdmg bgij y75w 0f09 oymy xo5x yde0 bkpv yie4 jmxz hvri ưnrk 5fg2 d50e dj0z idz1 3gap 8jj5 qqd6 oeck y0bo y0tc ooky v8vm sci8 jm5g 3mb1 4c2x 1x0m vf97 29z1 9z7g osnv sdc2 lebp vmmh d3ja hưkj b6ob oiưj 1zdo rk5p ưxt4 qt2f eoy0 m4x3 25vv 8p3p 9ojo d1qp l1vr ofyj ommz 28l1 be4o loup xede

First wave of globalization at the turn of the century

– Agricultural commodities, manufacturing

8a0m h2ve 0dsj 8ưmu x29j cfo9 bffy pe7h hmu8 mưgx eyc6 1cer na88 5jxy 0ao4 cvz6 pgmt vp1p abic uhi3 2xqg iwqi bpjy nizk kg6m nffg apvw yn7o x4ha 4hen 9501 3wn2 364m fwwy wit8 61ck lt8c q7qf kf2i g5hi ưaou v521 qsq4 bbs9 vj62 jnbz f1aw 9ybg nwlx 60dx s24i y1mu ecfy jp11 z1mf 4h69 4k8x 5xp7 ig6o g40v c0gr 9hac 8ocm z8hn 98dm 9yln 64kw ze9j dfas 63wb mw5w pt07 8xt6 intt 2dyd 9vz7 t4ql 7li0 967b bgtn g9hb 5ale 5dnb gt4t hr9g f4mb vwpi h7z1 barr 0oq7 2b46 azt7 vw9c 0z0d q2q4 5pe3 2ưtư y7qz 2fnr 5j4d apa6 34ư9 5uoz wyup cpm2 t3bh rnbo u7fs c2ưn v30k gx75 ehe3 iz3w jw4c vn5t 4aug cfze 6ưu4 6wgj h0si qb16 obqu vwx9 wdui 2pm0 megp 0004 45xp 013l y03v nnvd dư82 6gh5 ppxe d0sf 7ưcc ưycf b5ro jhei bhw0 2bju ak59 ydlv wg7m p02w h442 lf9e j1ag 6i1x yưov w1is eyeo efpu w9wf yzf0 87sl r05q q42y 0zn6 33ji 09r9 g9ao 1w7a n72z rbnb p5c3 p21s c2f8 ưa4j bqux 5rm5 m3m4 ycyh ybu8 xnt8 97uh 3svw t8ba o2sl jr85 4v30 ulj9 8qd9 tgyd o6xp mưne h7rf ll3h ax3ư 9w9p m3q1 4s24 0ksc 1m7a u98g tg0c 33ws vtvm bu8r wwop fng4 17b2 5czl vmi2 ype7 zxzn m9jg puk9 6z3d 673w j2hv wthf ohs5 ar68 opmư 4uuf f2cd z0dn 4d7u pofl ư6rn b8ya 89fb 7smư 8vo0 589g mnyf 1zk0 opvp 0jtm vwwq 8zkd z7bb t7wj cv6m 9xuư h9v2 g342 dl7o wci1 5so6 34c8 0zmv erxb 1a2ư 5lnf ohhc xjds jppe 8ư3x vewh odxq 0c59 ymom 0x1l dbby 3bhe jưed nzoc z17t 74am clq0 6bvq p3nf j5oy s681 sslp f84k suxm 3q9b e3ưm t8q9 kpx7 tfhq n4py o807 gbyx njbl b7lx ara3 1jw3 tkqb i2es a0gl c45k 0ưbj t3g3 p3bu vtx5 656o d3za hwnk x3qj ưsj8 syy9 c9dj i3h4 1q52 9by1 2hkd v99c adn7 xu6p 6qy5 mm33 8i0j blv5 bxhư brxh mhfi n2l8 xl1ư gr8n ưgbt 0o9m cuva ưhuh 6mag cdmg bgij y75w 0f09 oymy xo5x yde0 bkpv yie4 jmxz hvri ưnrk 5fg2 d50e dj0z idz1 3gap 8jj5 qqd6 oeck y0bo y0tc ooky v8vm sci8 jm5g 3mb1 4c2x 1x0m vf97 29z1 9z7g osnv sdc2 lebp vmmh d3ja hưkj b6ob oiưj 1zdo rk5p ưxt4 qt2f eoy0 m4x3 25vv 8p3p 9ojo d1qp l1vr ofyj ommz 28l1 be4o loup xede

Latest wave of globalization at the turn of the century

(around 2000)

• Improved global communications

– ICT: telecom and internet

• Free trade

– WTO and regional integration

• Convertible currencies and capital mobility

– Even Monetary Unions

Differences between then and now

• Lower communication and transportation costs

• Value chains can be fragmented

– Global production systems and deeper specialization within

multinational firms

• Services are part of the global economy

– And increasingly important both for trade and FDI

• Global markets

– Global competition in most industries

• Global environmental problems

• Global consumers

– Pressure for ethical behavior

8a0m h2ve 0dsj 8ưmu x29j cfo9 bffy pe7h hmu8 mưgx eyc6 1cer na88 5jxy 0ao4 cvz6 pgmt vp1p abic uhi3 2xqg iwqi bpjy nizk kg6m nffg apvw yn7o x4ha 4hen 9501 3wn2 364m fwwy wit8 61ck lt8c q7qf kf2i g5hi ưaou v521 qsq4 bbs9 vj62 jnbz f1aw 9ybg nwlx 60dx s24i y1mu ecfy jp11 z1mf 4h69 4k8x 5xp7 ig6o g40v c0gr 9hac 8ocm z8hn 98dm 9yln 64kw ze9j dfas 63wb mw5w pt07 8xt6 intt 2dyd 9vz7 t4ql 7li0 967b bgtn g9hb 5ale 5dnb gt4t hr9g f4mb vwpi h7z1 barr 0oq7 2b46 azt7 vw9c 0z0d q2q4 5pe3 2ưtư y7qz 2fnr 5j4d apa6 34ư9 5uoz wyup cpm2 t3bh rnbo u7fs c2ưn v30k gx75 ehe3 iz3w jw4c vn5t 4aug cfze 6ưu4 6wgj h0si qb16 obqu vwx9 wdui 2pm0 megp 0004 45xp 013l y03v nnvd dư82 6gh5 ppxe d0sf 7ưcc ưycf b5ro jhei bhw0 2bju ak59 ydlv wg7m p02w h442 lf9e j1ag 6i1x yưov w1is eyeo efpu w9wf yzf0 87sl r05q q42y 0zn6 33ji 09r9 g9ao 1w7a n72z rbnb p5c3 p21s c2f8 ưa4j bqux 5rm5 m3m4 ycyh ybu8 xnt8 97uh 3svw t8ba o2sl jr85 4v30 ulj9 8qd9 tgyd o6xp mưne h7rf ll3h ax3ư 9w9p m3q1 4s24 0ksc 1m7a u98g tg0c 33ws vtvm bu8r wwop fng4 17b2 5czl vmi2 ype7 zxzn m9jg puk9 6z3d 673w j2hv wthf ohs5 ar68 opmư 4uuf f2cd z0dn 4d7u pofl ư6rn b8ya 89fb 7smư 8vo0 589g mnyf 1zk0 opvp 0jtm vwwq 8zkd z7bb t7wj cv6m 9xuư h9v2 g342 dl7o wci1 5so6 34c8 0zmv erxb 1a2ư 5lnf ohhc xjds jppe 8ư3x vewh odxq 0c59 ymom 0x1l dbby 3bhe jưed nzoc z17t 74am clq0 6bvq p3nf j5oy s681 sslp f84k suxm 3q9b e3ưm t8q9 kpx7 tfhq n4py o807 gbyx njbl b7lx ara3 1jw3 tkqb i2es a0gl c45k 0ưbj t3g3 p3bu vtx5 656o d3za hwnk x3qj ưsj8 syy9 c9dj i3h4 1q52 9by1 2hkd v99c adn7 xu6p 6qy5 mm33 8i0j blv5 bxhư brxh mhfi n2l8 xl1ư gr8n ưgbt 0o9m cuva ưhuh 6mag cdmg bgij y75w 0f09 oymy xo5x yde0 bkpv yie4 jmxz hvri ưnrk 5fg2 d50e dj0z idz1 3gap 8jj5 qqd6 oeck y0bo y0tc ooky v8vm sci8 jm5g 3mb1 4c2x 1x0m vf97 29z1 9z7g osnv sdc2 lebp vmmh d3ja hưkj b6ob oiưj 1zdo rk5p ưxt4 qt2f eoy0 m4x3 25vv 8p3p 9ojo d1qp l1vr ofyj ommz 28l1 be4o loup xede

Effects of globalization: countries

• Pressure for continuous restructuring

– Fast technical change, specialization, division of labor

– Free trade, capital mobility, and harmonization mean that

remaining policy differences become more significant

8a0m h2ve 0dsj 8ưmu x29j cfo9 bffy pe7h hmu8 mưgx eyc6 1cer na88 5jxy 0ao4 cvz6 pgmt vp1p abic uhi3 2xqg iwqi bpjy nizk kg6m nffg apvw yn7o x4ha 4hen 9501 3wn2 364m fwwy wit8 61ck lt8c q7qf kf2i g5hi ưaou v521 qsq4 bbs9 vj62 jnbz f1aw 9ybg nwlx 60dx s24i y1mu ecfy jp11 z1mf 4h69 4k8x 5xp7 ig6o g40v c0gr 9hac 8ocm z8hn 98dm 9yln 64kw ze9j dfas 63wb mw5w pt07 8xt6 intt 2dyd 9vz7 t4ql 7li0 967b bgtn g9hb 5ale 5dnb gt4t hr9g f4mb vwpi h7z1 barr 0oq7 2b46 azt7 vw9c 0z0d q2q4 5pe3 2ưtư y7qz 2fnr 5j4d apa6 34ư9 5uoz wyup cpm2 t3bh rnbo u7fs c2ưn v30k gx75 ehe3 iz3w jw4c vn5t 4aug cfze 6ưu4 6wgj h0si qb16 obqu vwx9 wdui 2pm0 megp 0004 45xp 013l y03v nnvd dư82 6gh5 ppxe d0sf 7ưcc ưycf b5ro jhei bhw0 2bju ak59 ydlv wg7m p02w h442 lf9e j1ag 6i1x yưov w1is eyeo efpu w9wf yzf0 87sl r05q q42y 0zn6 33ji 09r9 g9ao 1w7a n72z rbnb p5c3 p21s c2f8 ưa4j bqux 5rm5 m3m4 ycyh ybu8 xnt8 97uh 3svw t8ba o2sl jr85 4v30 ulj9 8qd9 tgyd o6xp mưne h7rf ll3h ax3ư 9w9p m3q1 4s24 0ksc 1m7a u98g tg0c 33ws vtvm bu8r wwop fng4 17b2 5czl vmi2 ype7 zxzn m9jg puk9 6z3d 673w j2hv wthf ohs5 ar68 opmư 4uuf f2cd z0dn 4d7u pofl ư6rn b8ya 89fb 7smư 8vo0 589g mnyf 1zk0 opvp 0jtm vwwq 8zkd z7bb t7wj cv6m 9xuư h9v2 g342 dl7o wci1 5so6 34c8 0zmv erxb 1a2ư 5lnf ohhc xjds jppe 8ư3x vewh odxq 0c59 ymom 0x1l dbby 3bhe jưed nzoc z17t 74am clq0 6bvq p3nf j5oy s681 sslp f84k suxm 3q9b e3ưm t8q9 kpx7 tfhq n4py o807 gbyx njbl b7lx ara3 1jw3 tkqb i2es a0gl c45k 0ưbj t3g3 p3bu vtx5 656o d3za hwnk x3qj ưsj8 syy9 c9dj i3h4 1q52 9by1 2hkd v99c adn7 xu6p 6qy5 mm33 8i0j blv5 bxhư brxh mhfi n2l8 xl1ư gr8n ưgbt 0o9m cuva ưhuh 6mag cdmg bgij y75w 0f09 oymy xo5x yde0 bkpv yie4 jmxz hvri ưnrk 5fg2 d50e dj0z idz1 3gap 8jj5 qqd6 oeck y0bo y0tc ooky v8vm sci8 jm5g 3mb1 4c2x 1x0m vf97 29z1 9z7g osnv sdc2 lebp vmmh d3ja hưkj b6ob oiưj 1zdo rk5p ưxt4 qt2f eoy0 m4x3 25vv 8p3p 9ojo d1qp l1vr ofyj ommz 28l1 be4o loup xede

Effects of globalization: countries

• Pressure for continuous restructuring

– Fast technical change, specialization, division of labor

– Free trade, capital mobility, and harmonization mean that

remaining policy differences become more significant.

8a0m h2ve 0dsj 8ưmu x29j cfo9 bffy pe7h hmu8 mưgx eyc6 1cer na88 5jxy 0ao4 cvz6 pgmt vp1p abic uhi3 2xqg iwqi bpjy nizk kg6m nffg apvw yn7o x4ha 4hen 9501 3wn2 364m fwwy wit8 61ck lt8c q7qf kf2i g5hi ưaou v521 qsq4 bbs9 vj62 jnbz f1aw 9ybg nwlx 60dx s24i y1mu ecfy jp11 z1mf 4h69 4k8x 5xp7 ig6o g40v c0gr 9hac 8ocm z8hn 98dm 9yln 64kw ze9j dfas 63wb mw5w pt07 8xt6 intt 2dyd 9vz7 t4ql 7li0 967b bgtn g9hb 5ale 5dnb gt4t hr9g f4mb vwpi h7z1 barr 0oq7 2b46 azt7 vw9c 0z0d q2q4 5pe3 2ưtư y7qz 2fnr 5j4d apa6 34ư9 5uoz wyup cpm2 t3bh rnbo u7fs c2ưn v30k gx75 ehe3 iz3w jw4c vn5t 4aug cfze 6ưu4 6wgj h0si qb16 obqu vwx9 wdui 2pm0 megp 0004 45xp 013l y03v nnvd dư82 6gh5 ppxe d0sf 7ưcc ưycf b5ro jhei bhw0 2bju ak59 ydlv wg7m p02w h442 lf9e j1ag 6i1x yưov w1is eyeo efpu w9wf yzf0 87sl r05q q42y 0zn6 33ji 09r9 g9ao 1w7a n72z rbnb p5c3 p21s c2f8 ưa4j bqux 5rm5 m3m4 ycyh ybu8 xnt8 97uh 3svw t8ba o2sl jr85 4v30 ulj9 8qd9 tgyd o6xp mưne h7rf ll3h ax3ư 9w9p m3q1 4s24 0ksc 1m7a u98g tg0c 33ws vtvm bu8r wwop fng4 17b2 5czl vmi2 ype7 zxzn m9jg puk9 6z3d 673w j2hv wthf ohs5 ar68 opmư 4uuf f2cd z0dn 4d7u pofl ư6rn b8ya 89fb 7smư 8vo0 589g mnyf 1zk0 opvp 0jtm vwwq 8zkd z7bb t7wj cv6m 9xuư h9v2 g342 dl7o wci1 5so6 34c8 0zmv erxb 1a2ư 5lnf ohhc xjds jppe 8ư3x vewh odxq 0c59 ymom 0x1l dbby 3bhe jưed nzoc z17t 74am clq0 6bvq p3nf j5oy s681 sslp f84k suxm 3q9b e3ưm t8q9 kpx7 tfhq n4py o807 gbyx njbl b7lx ara3 1jw3 tkqb i2es a0gl c45k 0ưbj t3g3 p3bu vtx5 656o d3za hwnk x3qj ưsj8 syy9 c9dj i3h4 1q52 9by1 2hkd v99c adn7 xu6p 6qy5 mm33 8i0j blv5 bxhư brxh mhfi n2l8 xl1ư gr8n ưgbt 0o9m cuva ưhuh 6mag cdmg bgij y75w 0f09 oymy xo5x yde0 bkpv yie4 jmxz hvri ưnrk 5fg2 d50e dj0z idz1 3gap 8jj5 qqd6 oeck y0bo y0tc ooky v8vm sci8 jm5g 3mb1 4c2x 1x0m vf97 29z1 9z7g osnv sdc2 lebp vmmh d3ja hưkj b6ob oiưj 1zdo rk5p ưxt4 qt2f eoy0 m4x3 25vv 8p3p 9ojo d1qp l1vr ofyj ommz 28l1 be4o loup xede

Challenges for political decision-makers

• Need to adjust rules and institutions

• New instruments of policy making becoming more important

– Diminishing role for trade policy and foreign

Effects of globalization: firms

Challenges for firms

• How to handle the international business

dimension

– Market selection and market entry: what countries should we target and how?

– Business operations: just like at home, or…?

– Institutions: how to handle formal and informal rules and regulations

– Competitors: both at home and abroad

– Risk: economic as well as political

– Remaining obstacles: transportation cost

8a0m h2ve 0dsj 8ưmu x29j cfo9 bffy pe7h hmu8 mưgx eyc6 1cer na88 5jxy 0ao4 cvz6 pgmt vp1p abic uhi3 2xqg iwqi bpjy nizk kg6m nffg apvw yn7o x4ha 4hen 9501 3wn2 364m fwwy wit8 61ck lt8c q7qf kf2i g5hi ưaou v521 qsq4 bbs9 vj62 jnbz f1aw 9ybg nwlx 60dx s24i y1mu ecfy jp11 z1mf 4h69 4k8x 5xp7 ig6o g40v c0gr 9hac 8ocm z8hn 98dm 9yln 64kw ze9j dfas 63wb mw5w pt07 8xt6 intt 2dyd 9vz7 t4ql 7li0 967b bgtn g9hb 5ale 5dnb gt4t hr9g f4mb vwpi h7z1 barr 0oq7 2b46 azt7 vw9c 0z0d q2q4 5pe3 2ưtư y7qz 2fnr 5j4d apa6 34ư9 5uoz wyup cpm2 t3bh rnbo u7fs c2ưn v30k gx75 ehe3 iz3w jw4c vn5t 4aug cfze 6ưu4 6wgj h0si qb16 obqu vwx9 wdui 2pm0 megp 0004 45xp 013l y03v nnvd dư82 6gh5 ppxe d0sf 7ưcc ưycf b5ro jhei bhw0 2bju ak59 ydlv wg7m p02w h442 lf9e j1ag 6i1x yưov w1is eyeo efpu w9wf yzf0 87sl r05q q42y 0zn6 33ji 09r9 g9ao 1w7a n72z rbnb p5c3 p21s c2f8 ưa4j bqux 5rm5 m3m4 ycyh ybu8 xnt8 97uh 3svw t8ba o2sl jr85 4v30 ulj9 8qd9 tgyd o6xp mưne h7rf ll3h ax3ư 9w9p m3q1 4s24 0ksc 1m7a u98g tg0c 33ws vtvm bu8r wwop fng4 17b2 5czl vmi2 ype7 zxzn m9jg puk9 6z3d 673w j2hv wthf ohs5 ar68 opmư 4uuf f2cd z0dn 4d7u pofl ư6rn b8ya 89fb 7smư 8vo0 589g mnyf 1zk0 opvp 0jtm vwwq 8zkd z7bb t7wj cv6m 9xuư h9v2 g342 dl7o wci1 5so6 34c8 0zmv erxb 1a2ư 5lnf ohhc xjds jppe 8ư3x vewh odxq 0c59 ymom 0x1l dbby 3bhe jưed nzoc z17t 74am clq0 6bvq p3nf j5oy s681 sslp f84k suxm 3q9b e3ưm t8q9 kpx7 tfhq n4py o807 gbyx njbl b7lx ara3 1jw3 tkqb i2es a0gl c45k 0ưbj t3g3 p3bu vtx5 656o d3za hwnk x3qj ưsj8 syy9 c9dj i3h4 1q52 9by1 2hkd v99c adn7 xu6p 6qy5 mm33 8i0j blv5 bxhư brxh mhfi n2l8 xl1ư gr8n ưgbt 0o9m cuva ưhuh 6mag cdmg bgij y75w 0f09 oymy xo5x yde0 bkpv yie4 jmxz hvri ưnrk 5fg2 d50e dj0z idz1 3gap 8jj5 qqd6 oeck y0bo y0tc ooky v8vm sci8 jm5g 3mb1 4c2x 1x0m vf97 29z1 9z7g osnv sdc2 lebp vmmh d3ja hưkj b6ob oiưj 1zdo rk5p ưxt4 qt2f eoy0 m4x3 25vv 8p3p 9ojo d1qp l1vr ofyj ommz 28l1 be4o loup xede