0
Free trade is a double-edged sword. On the surface it appears as equal opportunity for everyone in the pact. While it has some advantages, it also carries some disadvantages. The extent of disadvantages for any country in the free trade zone is directly related to the attained level of technology for that country. This means that less industrialized members of a free trade region may be at a disadvantage until such countries overcome their technological obstacles.
Wiki User
∙ 13y ago
Wiki User
∙ 14y agoglobalisation and it does not benefit all of the workers, mainly the producers
more expencive
Add your answer:
Earn +20 pts
Before the demands of free trade who held a monoply on Chinese trade?
The British held a monopoly on Chinese trade before the demands of free trade.
When was Chabahar Free Trade-Industrial Zone created?
Chabahar Free Trade-Industrial Zone was created in 1992.
Name the treaty to trade with japan?
Wasn't aware that free nations had to have a treaty in order to participate in free world trade.
What are some Examples of multilateral agreements in Trinidad?
The General Agreement on Tariffs and TradeThe North American Free Trade AgreementThe Central American Free Trade AgreementThe Free Trade Agreement of the AmericasMERCOSURThe Multilateral Agreement on Investment
Why is free trade bad?
Perhaps because if it is free then no profit exists.
Disadvantage of free trade and explain?
if you trade for free. you will be taxed every year on the said itemized item.
What is advantage or disadvantage of free trade?
explain the advantages and disadvantages of active trade union movement to employers,employee and the economy?
What is the advantage and disadvantage of market free?
advantage is its fpree. Disadvantage is that its not fpree.
What are the advantages and disadvantages of free trade on Starbucks?
The disadvantage is that Starbucks can get the power, instead of the government. Advantage, is that there can be more production leading to more Starbucks around cities.
Who is presidential campaign slogan was tradetrade no free trade?
trade,trade,no free trade.
Who Said Trade Trade No Free Trade?
i hate free trade and fair trade let them starve
What are the advantages and disadvantages of keynote?
disadvantage It is not free.
How do you use free-trade in a sentence?
Free-trade is happening all around the worldOr perhaps: Free-trade is free at all.
What do supporters of free trade say?
Supporters of free trade say that free trade benefits the global economy.
What are the advantages and disadvantages of specialization on trade between countries in Southern and Eastern Asia?
the advantage is that when you specialize you can trade with other countries and get the product they specialize in the disadvantage is when you want to trade with someone to gain there product you end up losing more or another disadvantage is you might accedently trade with someone that has the same product as you
The efforts by the world trade organization on encourage free trade?
the efforts by the world trade organization on encourage free trade?
Is Canada's economy closer to free trade or command?
free trade
