Countries are becoming more and more similar because people are able to buy the same products anywhere in the world. Do you think this is a positive or negative development?

Nowadays, goods and services consumed by individuals worldwide are similar in nations worldwide. I think

this

is a positive development because there will be cash flow, low

cost

of

production

and easy access to goods and services in one's home

country

.

Firstly

, if nationalities are able to procure items which they need in their home

country

,

this

will lead to adequate cash flow between citizens of that

country

. Individuals do not need to engage in the importation of products because these goods are readily available within the

country

.

For instance

, in Cameroon, according to a research conducted in 2019, the rate of importation of foods like rice and beans has reduced drastically and

this

is

as a result

of the Cameroonians engaging in advanced agricultural practices. They now produce enough rice and beans in-house, leading to a fall in the need for importation of these products from other countries.

Secondly

, since people have access to

raw materials

Suggestion

the raw materials

of the goods they produce, the

cost

of

production

is reduced and individuals can purchase these items at a lower

cost

. Take

for example

the

cost

of a pair of Valentino shoes in China, which is about 20 dollars compared to 140 dollars in Australia for the same pair of shoes. China manufactures her shoes from her own raw materials and

this

has led to a reduction in

production

cost

.

Lastly

, the products will be easily accessible if they are manufactured in one's

country

because people would not need to travel far distances or pay outrageous fees for goods

as a result

of increase in transportation fare. According to a statistical analysis carried out on effect of transportation on

cost

of

production

, it was deduced that most countries spent over twice the amount of

production

on transportation of their goods. In conclusion, if similar products are being purchased anywhere in the world, there will be cash flow as well as low

cost

of

production

and easy access to goods and services.