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a potential negative result of trade agreements is
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Mathematics
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Author:
sarahkrueger520 - 1 month ago
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Answers: 2
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Answers
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an increase in economic inequality. An increase in economic inequality can result from trade agreements because they often shift job opportunities out of the countries that sign them. This can lead to job losses and reduced wages for workers in those countries, leading to increased inequality across different regions and social classes. It can also lead to a concentration of wealth among the businesses that benefit the most from the agreement. Additionally, trade agreements often focus on reducing barriers to imports, which can lead to an influx of foreign goods into a country that may replace locally manufactured goods. This can lead to a decrease in domestic job opportunities and reduced wages for workers, further contributing to economic inequality.
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Answered:
Rishi Bowen
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that they often favor large corporations at the expense of smaller ones. This can lead to monopolies and other anti-competitive market power, which can hurt consumers and small businesses. Additionally, trade agreements may limit the ability of countries to regulate industries in order to protect workers, the environment, and public health.
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Answered:
Kelvin Robles
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