What are some benifits as well as possible negative because of the effects of global trade increase?

Question

i need answers by monday

Answer 1

The benefits are that there is a net gain in world productive efficiency and allocation of resources, and all countries have a net gain. It also increase market access to consumers in rich nation for the industries in poor nations, which increases wages and standard of living.
The negatives are that the gains in a country are not distributed evenly and some people are made worse off by increasing trade. In countries that have a lot of capital per worker and high wages, more labor intensive low skill production will be imported from nations with low cost labor, which will destroy jobs and lower wages in importing nations. The gains in a rich nation go to the high skilled workers and owners of productive assets.

Answer 2

A major benefit of trade increase is that as countries become more wealthy through trade, they find ways to work out their differences without going to war. Like us and China. I'd say we don't like each other that much but we are so dependent upon each other through trade that we don't want to upset that relationship. So chances are each of us will do what it takes to maintain that trade.

A negative effect? More consumption of the world's resources. Again, China comes to mind-- as they are making more and more money manufacturing all the things we are buying, they are starting to buy motorcyles, cars, appliances, all which use more and more energy. As consumerism increases, advancing peoples tend to become more westernized and their original customs fade.