State reasons why it is undesirable for kenya to over-rely on imported goods and services

      

Reasons why it undesirable to over-rely on imported goods and services

  

Answers


Benjamin
-Over-reliance on imported goods may cause suffering incase of differences or wars between countries
-Goods/services bought from other countries may pose a threat to the growth of local infant industries due to unhealthy competition
-Harmful goods/services can easily be imported into the country e.g drugs and pornographic material
-It may lead to erosion of cultural values due to apping of foreign habits
-It opens a country to political/ideological blackmail by the influenced trading partners
-It may lead to dumping where the local market is flooded with cheap and inferior goods from other countries
-May lead to exhausion of a countries non-renewable resources such as oil and other minerals
-It will lead to balance of payments deficit due to importation of expensive goods and services
Kalis answered the question on March 21, 2018 at 09:00


Next: Discuss four themes in Caucasian Chalk Circle
Previous: Kenya's economy largely depends on agricultural produce.Due to the current global climate change which has affected the agricultural sector, outline and explain the steps which...

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions