What are the microeconomic effects of world trade?

Answer 1

That depends on what do you actually define microeconomic. Grobal trading let the resources and goods flow to the suitable places where are high demand of them. And provide more market chance (foreign markets) for those enterprises and companies of a country, so that more jobs are provied in the country. Generally, You can see the employment rate rises after the export rate rised. Especially for those poor and with low working ablities people. On the other hand, the consumer of the import country can have more different goods to choose and also lower prices because of much more competition. My mother language is not english, so may be the writing and grammer are not correct. I hope this may help.