Get premium membership and access revision papers with marking schemes, video lessons and live classes.
  OR
Processing. Please wait.

 Form 4 Business studies lessons and notes on international trade

Disadvantages of international trade

 (5m 46s)
1134 Views     SHARE

Download as pdf file

Answer Text:
Disadvantages of International trade
-It may lead to collapse of the local industries, as people will tend to go for the imported goods. The collapse may also lead to loss of employment
-It may also lead to importation of harmful foods and services such as drugs and pornographic materials
-May lead to over depending on imported commodities especially the essential ones, making the country to be a slave of the
other countries, interfering with their sovereignty
-It may make the country to suffered during emergencies if they mainly rely on the imported goods
-May make the country to suffer from import inflation
-May lead to acquisition of bad culture from other countries as a result of their interactions


|