International Trade Advantages And Disadvantages Pdf Download
Economic progress of a nation would depend upon its ties with other countries. In case, there are no buyers, the products will lie waste. Competition both at the international level as well as local level. Content Filtrations 6. Disclaimer 9. It equalizes the prices of goods throughout the world (ignoring cost of transportation, etc.)(vi) Exchange of technical know-how and establishment of new industries:Underdeveloped countries can establish and develop new industries with the machinery, equipment and technical know-how imported from developed countries. 405 Not Allowed.. For example, the Britishers came to India as traders and ultimately ruled over India for a very long time.(iv) Mis-utilisation of Natural Resources:Excessive exports may exhaust the natural resources of a country in a shorter span of time than it would have been otherwise.
Often you come across machinery parts and machines as well which have been produced in another country. Better quality of goods. Local producers will try to improve the quality of their products. Disadvantage of international trade. For the advantages of international trade, development in the means of transport and communication is also made possible.ADVERTISEMENTS: (ix) International co-operation and understanding:The people of different countries come in contact with each other. 403 Forbidden.. Plagiarism Prevention 4.
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