As global trade increases between different countries, many daily necessities are produced in other countries. Such goods are usually transported a long distance. Do the benefits of this trend outweigh its drawbacks?

Due to the increasing

globlalised

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globalised

globalized

markets, a large number of our daily life

items

are imported from remote countries. There are some

benifits

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benefits

associated with

this

trading modality, but it seems that

in

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from

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longer-term

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a longer-term

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perspective it can affect local economies. An important number of people's everyday goods are imported in large quantities from countries like China or India, where human resources are considerably cheap and

items

are produced massively, these products are widely distributed at very affordable prices which made them

a

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an

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expense that consumers do not think would affect their budgets.

for instance

, the

items

people use to buy at the Dollaramas,

pricewise

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prices

are very advantageous, qualitywise, perhaps not as much, if tool bought at these type of shops is not expected to be as good as one purchased at a specialized store. But, moving the attention away from the price and the convenience of

buy

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buying

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simple little things anywhere without considering it a significant expense, the trade of

such

products can harm the local economy by affecting the local industry,

many

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much

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domestic

business

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businesses

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have

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has

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had to close their doors due to the globalised market, their operational cost is high and they simply cannot compete with the

gigants

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giants

gigantic

overseas,

this

in a

lorger

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longer

larger

-term perspective can be detrimental to the local economy as unemployment rates would be inevitably higher due to the business going into

bankrapcy

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bankruptcy

. A recent study revealed that 30% of the domestic business in Canada filed

bankrapcy

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bankruptcy

due to globalization. To conclude,

Although

buy cheaper

items

seems

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seem

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to be

Add a hyphen

win-win

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win

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a win

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win situation, it cannot be regarded as positive

strainghforwardly

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straightforwardly

due to its certain drawbacks particularly in what refers to the domestic industries.