As global trade increases, many goods, including those we use on a daily basis, are produced in other countries and have to be transported long distances. Do the benefits of this trend outweigh the drawbacks?
There has been a recent increase in global trade which has led to many goods including those that we consume every day to be produced in different countries and transported long distances.
Although
there are benefits to be derived from this
trend, there are also
some drawbacks.
Firstly
, one obvious benefit of having different countries producing goods and services will help to boost the economy of the countries. This
is because product manufacturing is one of the revenue generating sectors of the economy of many nations. Therefore
, the manufacture of goods in these various countries will result to a growth in its economy. Another benefit to consider is also
the employment opportunity this
will create. For example
, people will be employed by the manufacturing companies to carry out the roles of producers, while some others will be employed to supply the products. This
is certainly a plus to every nation.
On the other hand
, one of the setbacks of this
approach the fact that many goods are now being transported long distances. This
will invariably attract additional cost for the transportation. As a result
, the total cost of producing the goods would increase. The increase in the production cost would have a negative effect on the amount of profit to be generated from such
products. Another drawback to consider is the tendency of such
products to spoil while in transit. This
applies most especially to perishable goods which are not able to travel long distances because they lose their freshness over a short period.
In conclusion, there is no doubt that there are benefits to
the increase in global trade, Suggestion
of
however
, there are also
setbacks to this
trend. I believe that if the transportation service is improved on, goods will be commuted faster to their destination and perishable goods will survive.Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.
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