In some nations ,they have the option to import food fr all around the glob. To what extent do you think its benefits outweigh the drawbacks?
Nowadays, some countries are allowed to import
food
from foreign nations, this
measure has positive and negative impacts on the local economy. This
essay believes that the advantages outweigh the disadvantages. First of all, looking into the positive aspects, when a country is allowed to import food
, the local market
becomes more competitive, therefore
, local producers
need to drop the prices
making it cheaper for consumers
. Another advantage is that customers have more options available to buy, therefore
, they can choose the type of food
they want to consume as their style. On the other side of view, the drawbacks, local producers
could transit cost issues as sometimes imported food
is cheaper than actually the local costs, reducing the incentives to produce locally.
Analyzing the positive aspects, we can notice that open economies around the world are more competitive, as local producers
need to compete with international brands for a part of the market
. As a result
, neither local or
international Replace the word
nor
producers
can install monopolies, resulting in better prices
and conditions for consumers
. For example
, in Argentina, food
importation is not allowed, therefore
, local producers
can set prices
and conditions as they want, making it unfair for consumers
. On the other hand
, when a
economy tends to be more open, Change the article
an
consumers
have the chance to choose what they want to consume, resulting in more varied diets. For instance
, in countries in Europe where importation is allowed, people can choose if they prefer Asian over American food
and so.
From the other side of view, when a country is too open to importation, there are no incentives to produce locally, because in some cases the imported food
is cheaper than local costs, therefore
, producers
cannot compete. In those cases, the Government should intervene to avoid market
issues. For example
, there are no incentives to produce soda drinks locally as "Coke" has the entire world market
, therefore
, nobody can compete with their costs and marketing strategies.
In conclusion, this
essay believes that the positive aspects (Better prices
and conditions for consumers
as more varied products) outweigh the drawbacks (International competition). Also
, the negative aspect can be solved by the government with intervention.Submitted by tomasmutilva99 on
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