Advs./disadvs. of increased trade/financial flows... (1 Viewer)

[schmackers]

hey

i'm hoping someone can help me out here. What are some negative and positive consequences of increased trade flows? increased financial flows? For financial flows, i thought a negative might be currency volatility/destabilising the economy- but what else? And positive might be increased FDI flows promoting economic growth, um.. anything else? And for increased trade flows, i'm struggling to think of positive and negative consequences- would they just be the same as the advantages and disadvantages of free trade? thanks

 

[ToO LaZy ^*]

would they just be the same as the advantages and disadvantages of free trade? thanks

yep, most likely.

- wider range of gs and ss
- cheaper prices
- increased efficiency due to competition
- spread of technology
- increased standard of living because of cheaper prices...etc etc

 

[tWiStEdD]

globalisation refers to increased actual and potential movements of trade, technology, investment, labour, capital and financial flows.

so, yes. it refers to free trade.