Work Sample: ECON1086: Business in the Globalised Economy - Final Assessment | RMIT University

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In this video, we present a comprehensive analysis based on the final assessment for ECON1086: Business in the Globalised Economy at RMIT University. The assignment covers a range of important topics in international trade and economics, including tariff impacts, offshoring, economic growth models, and the famous Infant Industry Argument.

📌 Key Topics Covered:

Comparative Advantage and Tariffs: Impact of tariffs on agricultural products and domestic production.

Offshoring and Labour Wage Impacts: How offshoring affects skilled and unskilled workers in different economies.

Feenstra-Hanson Model: The influence of unskilled and skilled labour in global trade between developing and developed countries.

The Gravity Model: How relative economic size and distance between countries influence trade flows.

Infant Industry Argument: Justification for protecting emerging industries in developing economies and potential critiques.

This final assessment provides deep insights into global economic dynamics and is ideal for students and professionals interested in international business and economic theory.

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