As global trade increases,many goods , including those we use on daily basis are produced in other countries and have to be transported long distance. Do the benefit of this trends outweigh its drawback?

Imports and exports are the major contributors to any
country
's
economy
. International
trade
is mainly depends on exchange of goods with other countries. Few countries good at manufacturing and these are the market leaders for exports. The majority of countries depend on these nations for regular goods. Some people argue that
this
trend outweighs the damage it causes to the national
economy
and I completely agree with
this
argument. Imports of some necessary goods from other countries are inevitable. There are a lot reasons for it, like geographical factors, history, industrial development, labour costs etc.., which are not that easy to change. We have to buy whatever we need and we can't produce, but it should be done in a balanced way and in the limit. Countries which have less natural resources have imported them from other countries,
this
opens up trading partnerships with other countries. There are a lot of
strategic benefits
Suggestion
the strategic benefits
of
this
trade
partnership. Countries improve their bonds and they can become a political partner as well. Through the exchange of goods, people in those nations can utilize products that can't produce locally. These are may be daily usage products or luxury ones, but they can use them despite of where it is manufactured.
This
is the major advantage of the imports.
Country
Suggestion
A country
which imports more than it exports are spending more money on buying than earning through international
trade
will lose its currency value in the international market.
This
causes bad impact on its
country
's
economy
. It is like bad
deit
the state of owing something (especially money)
debt
, it will be tasty
first but
Accept comma addition
first, but
it causes harm to the body. Highly depending on other countries for the daily usage products can slowly cause severe impacts on
economy
Suggestion
the economy
. Exporting
country
may be trading partner now, but if things change that
country
can become rival
country
and it can impact the
trade
with that
country
which directly affects person's lifestyle. Another major damage by
this
is unemployment. We can create jobs by starting manufacturing goods locally and it
also
boosts the local
economyeconomy
Suggestion
economy economy
. To conclude, we have to balance exports local manufacturing and production.
Submitted by dheerajsudarsanam on

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