Disadvantages Of International Trade In Canada

International trade is a simple transaction which allows Canadians to sell a specific item which is not needed in return for one which is more aiding to the Canadian economy and its people. International trade offers a variety of advantages and disadvantages. Firstly, trade creates jobs, attracts investors as well as investments, new technology and material, which all allow for the people to obtain a wide variety of choice in products and/or potential services. Jobs are considered a necessity to most Canadians as it is a way of earning to provide your family with their needs and/or wants. Jobs provide salaries/wages to employees for their efforts and time put into labour, which allows them to pay for their taxes, allows for saving, and/or spending. …show more content…
Firstly, international trade allows the Canadian economy to build as necessary surplus is delivered to specific countries which will contribute to both the country economies as well as the people. For trade to take place, the supplier must trade something which they do not require and/or need and in return obtain surplus from the consumer which does not provide necessarily for their people, but will provide for yours. Therefore, the trade is beneficial for both partners. Secondly, international trade is a serious standard for Canadian success. Within a highly proportional and knowledgeable global economy, the idea of competition alongside job creation, and economic growth provide for the country’s economy. There must be value within the products itself that are being sold, as well as those being obtained. A country is well recognized and respected on its stable economy, and economic and global status. This allows for promotion in the efficiency within the products, which allows for countries to remain competitive, as they consider more options on the preparation of their product/surplus. Lastly, international trade is beneficial as it allows for employment. More opportunities are available for employment as the goods of the products and/or services widen through the means of trade. This factor allows for Canadian unemployment rates to decrease, allowing for a sufficient political and economic status. In conclusion, Canadian international trade will be beneficial in the future as it allows increase within the Canadian economy, provides competition allowing for more advanced, technological, and sufficient products, and as international trade generates more employment causing a decrease in unemployment rates presenting a well political and economic