This study material covers various topics in microeconomics, including globalization, international competitiveness, terms of trade, and comparative advantage. It discusses the drivers and waves of globalization, the benefits and drawbacks of globalization, the importance of international competitiveness, and the factors affecting terms of trade. It also explains the concept of comparative advantage and its impact on trade. The material includes charts and tables for better understanding. Desklib provides expert assistance for microeconomics assignments and essays.