Anonymous

What Are The Disadvantages Of International Trade?

12 Answers

vicky chauhan Profile
vicky chauhan answered
THERE ARE MANY DISADVANTAGES OF INTERNATIONAL TRADE SOME OF ARE ....

1. Exhaustion of Natural Resources :- It means exhaust all its natural resource in due course of
    time.It encourages an underdeveloped country to export its all raw material very early.
2. Dependence :- Import of cheap quality product increases dependence of foreign countries
    to the extent which lead that country no productive (I mean their production within the
    country stops altogether.
3. Loss to Agricultural Countries :- In INTERNATIONAL TRADE predominantly agricultural
    countries are loser to the maximum extent.This is because Demand for agricultural
    product is less elastic , there is hardly any increase in their demand despite fall in the
    price.
    
In short, discussion on demerits of International Trade may have academic significant but from practical point of view every of the world endeavours to develop INTERNATIONAL TRADE.
(THIS IS MY POINT OF VIEW  IT MAY BE WRONG , BUT THIS IS FIT FOR THIS QUESTION)
ray of light Profile
ray of light answered
Disadvantages
• The delay of development because of money shifted to cheap labor markets.
• Chances of Trade imbalances.
• Declining of living standards.
• Increase Dependencies on others.
• And many more
Anonymous Profile
Anonymous answered
Local businesses find it hard to survive because of the competetion against the other countries business.
Anonymous Profile
Anonymous answered
Disadvantages

• The delay of development because of money shifted to cheap labour markets.
• Increase Dependencies on others
• Create Unemployment
• Ignore non Members
• Lost Productivity Wage Inflation?
Anonymous Profile
Anonymous answered
Some countries are exploited and their domestic productions decrease because  foreign countries take over the business of local countries.
Anonymous Profile
Anonymous answered
Some advantages:
  Increase sales and profits.
Reduce dependence on existing markets.
Extend sales potential of existing products.
Exploit international trade technology.
Sell excess production capacity.
As for disadvantages to keep in mind, we can cite:
Apply for additional financing.
Deal with special licenses and regulations.
Incur added administrative costs.
Dedicate personnel for traveling.
Modify the product or packaging.
Anonymous Profile
Anonymous answered
Smaller and local countries do not get to enjoy the international trade.
Anonymous Profile
Anonymous answered
International trade does not reduce the standard of living, it increases it, for all countries involved.
PRINCESS MONTICELLO-MONCRIEF Profile
1) Depending on which country you are in if it's one that has a domination over its citizens or its considered a country of no free will or are communist countries then you risk your life, freedom, children and/or any other luxury or privilege you have earned being taken away from you.

2) If you are in a position where you are trading and/or exporting and importing products, merchandise and/or goods in exchange for services; then you risk taking a 100% loss through US Customs and/or International Customs Affairs seized your products, merchandise and/or monies that were used for the transaction.

In short, it's not a good move unless you are affiliated within the governments in which you are marketing a product, program or service or have familiarization with being able to trade without fear.

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