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Advanced Placement (AP)Advanced Placement (AP)
1 November, 20:48

What are some of the ugly side effects of international trade

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Answers (2)
  1. 1 November, 21:14
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    The bad side of globalization is all about the new risks and uncertainties brought about by the high degree of integration of domestic and local markets, intensification of competition, high degree of imitation, price and profit swings, and business and product destruction. Corporations that previously have been enjoying the benefits of globalization, now face unstable and unpredictable demand and business opportunities and their products quickly become commodities, leaving them little or no pricing power and under constant pressure by new competitors that undermine profitability.
  2. 1 November, 21:54
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    A big problem with international trade and globalism involves smuggling, illegal distribution, pirating, and scams.
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