5 Harmful Effects of International Trade – Discussed !
The following five points will highlight the five harmful effects of International Trade. They are: 1. Dual Economies 2. Not Much Beneficial for Poor Countries 3. Limited Possibility of Gain 4. Adverse Effect on 'Demonstration Effect' and 5. Secular Deterioration in the Terms of Trade. Effect # 1. Dual Economies: International trade has resulted in creating 'dual economies' in underdeveloped [...]