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International Trade Essay

Assignment id 1007980
Discipline Other
Assignment type Essay
Words 1608
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For any nation which wishes to live in the roughest of times nowadays need to have great global trading abilities. Very few countries are able to maintain themselves without indulging in intensive international trade. International commerce and globalization are considered a great omen before but with changing world conditions like the debt crisis, child labor difficulties, expansion inequality issues palms are being increased in the benefits of world/international trading. There have been anti-globalization forces over the years protesting to either slow down or stop globalization. Such forces have gained steam over the decades because of the criticism surrounding world trade. National Sovereignty: It's been argued through the years that because of global agreements and treaties companies aren't losing their national sovereignty because they aren't able to do what is ideal for them instead they need to do what's ideal for trade. For instance there were demonstrations recently against the U.S authorities in Illinois by its steel industry employees because U.S had imported cheaper Indian pipe. Another problem is that due to the several products/services you may buy these days due to globalization, the intake has increased and the economy for the future has declined. This has made countries more vulnerable to risk in the future and, lesser long term investments also mean an insecure future prognosis. This would also raise reliance of smaller nations on bigger ones. This isn't a good thing since they may influence the smaller countries in non-economic matter because of the grip on the economy of the nation. The basic principle of international trading is that countries benefit because every nation ha...

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