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Disadvantages of International Free Trade

1. It causes job loss through outsourcing


Tariffs tend to prevent job outsourcing by keeping product pricing at competitive levels
2. It encourages theft of intellectual property
Without the protection of patent laws, companies often have their innovations and new
technologies stolen, forcing them to compete with lower-priced domestically-made fake
products.
3. It allows for poor working conditions
Because free trade is partially dependent on a lack of government restrictions, women
and children are often forced to work in factories doing heavy labor under grueling
working conditions.
4. It can harm the environment
This will lead some countries to disregard the environment when it comes to producing
products and getting rid of waste materials just so they can compete in the industry.
5. It reduces revenues
Due to the high level of competition spurred by unrestricted free trade, the businesses
involved ultimately suffer reduced revenues
6. Workers live in desolate places to work and paid low wages
Opponents of free trade argue that free trade has led workers from poorer countries to
work long hours and forced to live in shanties without electricity even, just so they can
work and send money back to their families.
7. It has an impact on culture
As for countries who buy imported goods, critics talk about the possibility of losing its
culture or at least be colonized due to the influx goods from exporting countries.
8. It directly affects local producers and small businesses
Consumers will prefer imported goods and products over locally produced commodities
9. It can begin to degrade the value of domestic natural resources
That is because the organizations which are involved in multiple markets can operate on
a larger scale than small domestic businesses.

References:

https://greengarageblog.org/12-important-pros-and-cons-of-free-trade

https://www.thoughtco.com/free-trade-definition-theories-4571024

https://connectusfund.org/15-advantages-and-disadvantages-of-free-trade-policy-in-economics

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