Because of the global economy, many goods including what we use as daily basics produced by other counties have to be transported for a long distance. To what extent do the advantages outweigh the disadvantages?

Globalisation plays a vital role in today's scenario as it is encouraging different nations to work closely with each other and unite in a very beautiful way.
However
,
this
essay will talk about the pros and cons of
such
activity and would explain how its drawbacks are more than the
benefits
for the consumer
country
.
To begin
with, international trade is having certain
benefits
as it is meeting the requirements of both the nations who are involved in
such
a process.
Seller
country
is having the benefit of getting foreign exchange while buyer nation will be able to meet their demand of certain goods which are used on daily basis by its residents. Another benefit for
seller
country
is that with the help of international trade there is an increase in the employment opportunities for the people and it helps in raising their standard of living.
However
, as goods are delivered to the importing
country
through transportation which includes its cost along with that certain other expenses that automatically makes products expensive .
For example
, if soap is imported from a foreign
country
via ship
then
it includes the transportation cost of the ship and the excise duty at the port as well. In order to avoid
such
kind of expense,
self production
Add a hyphen
self-production
show examples
concept must be adopted by the
country
. To recapitulate,
benefits
lie only with the
seller
country
like employment opportunities, incoming of foreign exchange and disadvantages are associated with buyers like outgoing of their currency, getting cheap products at a higher rate .
Benefits
are outweighing the drawbacks in the case of the
seller
country
and vice-versa.
Submitted by harpreet19071994 on

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