Multinationals and Global Business by Elias Massouh https://padlet.com/eliasmassouh4/123seminar123 Trade, Proximity and Costs en-us 2022-03-19 21:18:03 UTC 2022-03-24 15:43:54 UTC hello@padlet.com https://padlet.net/icons/png/1f30d.png https://padlet.com/eliasmassouh4/123seminar123/wish/2112113095 yes it is relevant, examples can include USA trading with Canada and Mexico.
This due to geographical and cultural proximity. ]]> 2022-03-24 15:29:02 UTC https://padlet.com/eliasmassouh4/123seminar123/wish/2112113095 Trade cost https://padlet.com/eliasmassouh4/123seminar123/wish/2112117925 Distance transportation cost is the obvious one.  Simply put it is the cost that firms endure when transporting or obtaining materials and services needed to conduct business.  The equation is simple the smaller the distance, the less cost, the more competitive the product
 or service. ]]> 2022-03-24 15:31:27 UTC https://padlet.com/eliasmassouh4/123seminar123/wish/2112117925 Pro - could argue that domestic workers would have more opportunities/access to domestic work because there is no longer the freedom of movement in labour or trade. https://padlet.com/eliasmassouh4/123seminar123/wish/2112121676 2022-03-24 15:33:13 UTC https://padlet.com/eliasmassouh4/123seminar123/wish/2112121676 https://padlet.com/eliasmassouh4/123seminar123/wish/2112127993 another aspect affecting cost is tariffs
e.g., the EU benefits from trade agreements whereas county such Georgia doesn't benefit therefore it has higher trade costs due to tariff barriers. 
another example is Brexit, where the UK won't be benefiting from the trade same as it did before while being part of the EU. ]]> 2022-03-24 15:36:23 UTC https://padlet.com/eliasmassouh4/123seminar123/wish/2112127993 Brexit https://padlet.com/eliasmassouh4/123seminar123/wish/2112128671 A con the labour shortage experienced throughout the uk now. eg. 150,000 lorry drivers missing to fuel demand for transportation. Knock-on effect stores are missing products loosing out on business as well as contributing to inflation    ]]> 2022-03-24 15:36:44 UTC https://padlet.com/eliasmassouh4/123seminar123/wish/2112128671 https://padlet.com/eliasmassouh4/123seminar123/wish/2112131102 It is a tough to equate the two but we believe it does not support the gravity model]]> 2022-03-24 15:37:50 UTC https://padlet.com/eliasmassouh4/123seminar123/wish/2112131102 Yes it is relevant for instance, trade between Salamak and West Kalimantan (from the video) that are close in proximity (culturally and geographically). https://padlet.com/eliasmassouh4/123seminar123/wish/2112133000 2022-03-24 15:38:45 UTC https://padlet.com/eliasmassouh4/123seminar123/wish/2112133000 https://padlet.com/eliasmassouh4/123seminar123/wish/2112141450 no, it does not support the gravity model because, despite geographical and cultural proximity with the EU, the UK is making trade agreements with Australia and New Zealand, which support the endogenous trade model, hence contradicting the gravity model.  
(Australia and NZ are geographically distant and there doesn't compare to the EU).  ]]> 2022-03-24 15:42:46 UTC https://padlet.com/eliasmassouh4/123seminar123/wish/2112141450 Could depend on the different proximities. For instance, Organisational proximity - ogranisational practices and interdependence that facilitate interactive learning. Social proximity - economic activity embedded in a social context. https://padlet.com/eliasmassouh4/123seminar123/wish/2112143800 2022-03-24 15:43:54 UTC https://padlet.com/eliasmassouh4/123seminar123/wish/2112143800