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  • Free Trade - Mind Mapping

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    Free trade has advantages such as providing access to cheap products for consumers in developed countries, creating new jobs in developing countries through foreign direct investment and export opportunities, and allowing for cost-effective access to goods and services which can increase consumer savings. However, free trade also has disadvantages like poor working conditions and lack of labor standards in developing countries, job losses in developed countries, and environmental degradation.

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    Free trade - mind mapping

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    Free trade has advantages such as providing access to cheap products for consumers in developed countries, creating new jobs in developing countries through foreign direct investment and export opportunities, and allowing for cost-effective access to goods and services which can increase consumer savings. However, free trade also has disadvantages like poor working conditions and lack of labor standards in developing countries, job losses in developed countries, and environmental degradation.

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    © All Rights Reserved
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    11 views1 page

    Free Trade - Mind Mapping

    Uploaded by

    64310045
    Free trade has advantages such as providing access to cheap products for consumers in developed countries, creating new jobs in developing countries through foreign direct investment and export opportunities, and allowing for cost-effective access to goods and services which can increase consumer savings. However, free trade also has disadvantages like poor working conditions and lack of labor standards in developing countries, job losses in developed countries, and environmental degradation.

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    of 1

    FREE TRADE

    ADVENTAGE DISADVENTAGE

    Cheap products Poor working Job losses in


    New jobs in
    countries conditions in
    in developed developing developed
    countries developing
    countries countries
    countries

    Market Access and Lack of Labor Standards Theft of Intellectual


    Cost-effective access
    Export Opportunities Property
    to goods and services
    Absence of Workers'
    Foreign Direct Rights Low wages and
    Consumer savings and
    Investment (FDI) dangerous work in
    increased purchasing
    Environmental developed countries
    power
    Economic Diversification Degradation
    Reduced Tax Revenue

    Nat Sompornjaroensuk 64310039 : Sirirak Saensongkram 64310045 : Pao Uthaipan 64310106

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