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Global economy diagram, descarga, descarga (1), descarga (2), descarga (3)…

- - - - Advantages
        ISI protects jobs in the domestic market and protects the economy from multinational corporations.
        Economic integration increases the size of the market, may increase employment, leads to free movement of capital and greater efficiency.
        Disadvantages
        ISI protects jobs on the short run only. ISI avoids specialization and comparative advantage, making the country inefficient. ISI may cause other countries to take retaliatory measures. Economic integration leads countries to lose sovereignty.
    - - Advantages
        Trade liberalization allows developing countries to concentrate on trade specialization.
        Privatization can lead to higher efficiency. Deregulation increases investment.
        Disadvantages
        Many developing nations lack the necessary resources to benefit from trade liberalization. Privatization is often poorly managed, affecting consumers and employees.
        Deregulation may also affect workers and their rights.
    - - Advantages MNCs provide employment in the country, as well as training and education. Increased employment and earnings may stimulate growth. MNCs may lead to lower prices for consumers.
        Disadvantages MNCs offer employment, but at low wages. Developing countries are not able to take full advantage of profits, as they have low taxing systems. Many foreign companies contribute to negative externalities in foreign countries.