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Demerits of trade liberalization

Answer Text:
Demerits of trade liberalization:
-stiff competition for local industries againist the imported goods of high quality.
-Dumping goods in poor countries leading to collapse of local industries.
-Danger of increased dependency on foreign goods in a country.
-Environmental degradation may result due to over-exploitation of resources.
-Money laundering and sophisticated e-crime may be imported into a country.