Highlights four problems a country by participating in international trade

      

Highlights four problems a country by participating in international trade

  

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Davis
- Causes exhaustion of non-renewable resources
- Threath to growth of local industry due to importation of
cheaper and better goods
- Importance of goods that have adverse effect on citizens, like
consumption of harmful imported products
- Erosion of cultural value due to coping of undesired foreign
habits
- Police blackmail due to political difference
- Increased inflation due to importation of expensive goods
- May lead to dumping when local market is flooded with cheap
goods.
Githiari answered the question on September 22, 2017 at 19:19


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