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International markets (+/- (Opportunities for people, Increase competition…
International markets
+/-
Opportunities for people
Increase competition
Unemployment in rich countries
Exploit workers in poor countries
Widen "NORTH - SOUTH" problem
Reduce costs and prices
TNC power
Damage to environment
Higher standarts
Trade policies
Protectionism
Protection from unfair competition (dumping)
Strategic and infant industries
More independence
Free trade
Greater choice
Better products
Lower price
Trade barriers
Monetary
Tariffs
Subsidies
Non-monetary
Quotas
Licenses
Documentation
International trade
Trade blocs
EU
NAFTA
etc.
World Trade Organisation (WTO)