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When is international trade an opportunity for workers?

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In a committee meeting of the United Nations you are considering the following questions:

1. When is international trade an opportunity for workers? When is it a threat to workers?

2. What are some of the major challenges confronting the international trading system?

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Solution Summary

This solution discusses the effects of international trade on workers in 230 words.

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International trade is an opportunity to workers when it provides large scale employment opportunities to workers in underdeveloped and developing nations. For example, the outsourcing of certain types of works to countries with comparative advantage such as China and India has been possible only due to growing international trade between nations. This phenomenon has ...

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Sandeep Bardia, MBA
Education
  • BCom, SGTB Khalsa College, University of Delhi
  • MBA, Rochester Institute of Technology
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