Unit 1 - Activity 5 - Advantages and Disadvantages of International Trade Reading.pdf

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Advantages and Disadvantages ofInternational TradeUnit 1Business Trade and the Economy
Advantages of Trade✦Meeting our Needs–There are certain products which we cannotproduce✦Job Creation–1 out of every 3 Canadian jobs depends onexports–$1 bbl in exports means 6,000 jobs
Advantages of Trade✦Attracting Investment–if there is demand for a product that Canada canproduce, then companies will invest✦New Technology and Materials–competition promotes competitiveness✦Diverse Products and Services–Foreign trade opens up new products andservices to the Canadian market
Disadvantages of Trade✦Economic exploitation:
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International Trade

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