Advantages and disadvantages of international trade

international trade is the buying and selling of goods and services between two or more countries.




This can take place between individuals, companies from different countries

ADVANTAGES OF INTERNATIONAL TRADE

  • A country can obtain goods it can’t produce from other countries it cannot produce.
  • Enable surplus goods to be exported to other countries.
  • It may be cheaper to buy certain goods from abroad.
  • To bring foreign currency to the country.
  • To allow the exchange of technology between countries.




Disadvantages of international trade

  • Causes of natural resources to be exhausted.
  • Even undesirable and harmful goods may be imported e.g firearms and cocaine.
  • Exposure of the county to dumping.
  • It cause over-dependence between countries