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Pros and Cons on International Trade
Transcript of Pros and Cons on International Trade
By: Mariana Jimenez
Sabrina Hurtado One of the disadvantages of international trade is that not all countries that we trade with speak the same language. Cons Natural disasters can also cause a big problem in trade. The shipment can be delayed, possibly forgotten, or it can suffer from breakdowns. Time zones can also be a big con due to the fact that time isn't the same here as it is in China, India, or Germany. Another big problem in International trade is the difference in money. Another problem with international trade is you send a product to be manufactured or put together in another country, it can take 2 or more months before they can send it back to you. Another con to international trade is that the country might suffer from resource exhaustion. Pros http://ezinearticles.com/?What-Are-the-Pros-and-Cons-of-International-Trade?&id=6235306 Enhances the domestic competitiveness
ex) Virginia and California both sell good wine.
Cheaper prices lead to more profit
ex) They sell things in bulk numbers and it becomes cheaper.
word gets around that some goods come from the U.S.
helps in development of poor countries.
competition results in better quality of same product utilization of surplus produce
ex) if a country produces more than necessary, it can export those goods.