cAbsolute Advantage Theory
Classical economist Adam Smith developed the theory of absolute advantage,
which is based on the following assumptions-1) Labour was assumed to be the only productive factor, hence production cost
means only labour cost.
Globalisation means integration of economics of the world resulting from free
flows of trade, capital, labour and technology. The term globalisation signifies
new international economic order which represents1. Free flow of trades and servic
World Trading System
Trade means transactions between different countries of the world. It may be
within geographical boundaries of a nation or outsides the nation. When trade
transaction takes place between the countries it is known as international
Environment refers to the surroundings in which a particular object or
organization is expected to work. It consists of all those forces with the
potential to influence the organisation or system and its performance.
Hanyang International Summer School had a successful year in 2015 and we are ready
to present HISS 2016 to you.
In HISS 2015, we had over 1,300 international students from 20 countries and
invited 40 international professors.
We opened over 100 courses al
Linghan University Summer Term 2016
30 May 7 July 2016
We are pleased to inform you that our recruitment for the Summer School 2016
(www.ln.edu.hk/summer) is now open. Your students are most welcome to join our Summer
Term 2016 as exchange students.