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Mar 19
1. Job loss: Trade can lead to job loss in certain industries as companies may outsource production to countries with lower labor costs.
2. Economic dependence: Reliance on trade can make a country vulnerable to fluctuations in global markets, leading to economic instability.
3. Environmental impact: Increased trade can lead to higher levels of pollution and resource depletion as goods are transported over long distances.
4. Exploitation of labor: Trade can sometimes lead to the exploitation of workers in developing countries who may be paid low wages and work in poor conditions to produce goods for export.
5. Loss of cultural identity: Increased trade can lead to the homogenization of cultures as global brands and products dominate local markets, leading to a loss of traditional customs and practices.
2. Economic dependence: Reliance on trade can make a country vulnerable to fluctuations in global markets, leading to economic instability.
3. Environmental impact: Increased trade can lead to higher levels of pollution and resource depletion as goods are transported over long distances.
4. Exploitation of labor: Trade can sometimes lead to the exploitation of workers in developing countries who may be paid low wages and work in poor conditions to produce goods for export.
5. Loss of cultural identity: Increased trade can lead to the homogenization of cultures as global brands and products dominate local markets, leading to a loss of traditional customs and practices.
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