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1. Firms from developed countries will be able to sell goods at cheaper prices and higher quality (since they are more mature and have access to better tech) thus local producers may face problems.
2. Infant industries (local industries in developing countries that have not matured yet) may falter in the face of international competition.
3. The loss of local industries may create a large amount of unemployment.
4. There might arise an over-dependence on foreign imports.
5. A negative balance of payments may arise (more imports than exports)
What else can I help you with?
How do you remove the barriers of free trade?
Removing the barriers of free trade almost always requires a trade treaty. One that is in place in the US is the North American Free Trade Agreement between the US, Canada, and Mexico.
Which is a medical test that involves removing and developing a small piece of the developing placenta?
amniocentesis
What organizations are working to remove landmines in developing countries?
Organizations that are working to remove landmines in developing countries include Stop Land Mines and the United Nations. The United Nations has a Mine Action Center dedicated to removing landmines.
What advocate of free trade would argue that?
An advocate of free trade would argue that it promotes economic efficiency and consumer choice by allowing countries to specialize in the production of goods and services where they have a comparative advantage. This specialization leads to lower prices and a greater variety of products for consumers. Additionally, free trade encourages competition, innovation, and economic growth, ultimately benefiting both producers and consumers in the long run. By removing trade barriers, countries can foster stronger international relationships and enhance global economic integration.
What are the health and economic advantages and disadvantages of the vegetarian diet?
Many nutritionists believe that abstaining from red meat and having a vegetarian diet is better for one's health. In most cases, removing red meat from a person's diet is less expensive than a "regular" diet. The disadvantages of a vegetetarian diet are yet to be discoverd.
How does Caribbean countries benefit by removing the barriers to intra-regional trade?
state three ways in which Caribbean country may benefit by removing the barriers to inter regional trade
How do you remove the barriers of free trade?
Removing the barriers of free trade almost always requires a trade treaty. One that is in place in the US is the North American Free Trade Agreement between the US, Canada, and Mexico.
How has the European Union helped increase trade within Europe?
By removing trade barriers between the different countries and creating a free market.
What is removing barriers or restrictions set by the government is?
Liberalization
How did the world trade organization contribute to Globalization?
Answer this question… It encourages international exchange by removing barriers to trade.
Which is a medical test that involves removing and developing a small piece of the developing placenta?
amniocentesis
Why is it easy to travel among Western European country's?
Because it makes life easier. One of the aims of the EU is to remove the disadvantages of there being many different countries in Europe. Removing irritating border delays is one of the ways they do this. Border restrictions, barriers, visas and customs charges between European countries are all costly in time and money, and are regarded as "old fashioned" and do not belong in the 21st century. In North America they appear to be doing the opposite, making it more difficult to cross borders.
What are the disadvantages of rubber tapping?
your removing thin layers of bark.
Advantages and disadvantages of face bow in restorative dentistry?
for removing occlusal defect
What are the disadvantages of removing hedgerows?
Removing hedgerows can lead to a loss of biodiversity as these habitats provide food and shelter for various wildlife species. It can also result in increased soil erosion and reduced water quality due to the loss of natural barriers that help hold soil and filter water. Additionally, hedgerows play a role in carbon sequestration, so their removal can contribute to climate change.
Is a medical test that involves removing and testing a small piece of the developing placenta?
amniocentesis
How has the world trade organization contributed to the increasing globalization to the world?
Answer this question… It encourages international exchange by removing barriers to trade.
