Because of the global economy, many goods including what we use as daily basics produced by other counties have to be transported for a long distance. To what extent do the advantages outweigh the disadvantages?
Several conservatives and environmentalists
.jpeg "Because of the global economy, many goods including what we use as daily basics produced by other counties have to be transported for a long distance")
are convinced that importing products utilized on an everyday basis from far-off regions in order to cultivate and bolster geopolitical ties can impact domestic economies unfavorably, and also contribute to environmental issues: global warming, while a few voice dissent.
This modern practice is bound to precipitate severe ramifications for the planet and its occupants. A majority of concurrent global trade heavily relies on conventional energy sources like diesel and other carbon based fuels used for transportation of raw materials, and finished commodities, over long distances, primary sources of pollution globally, and responsible for inducing unsurmountable damage to the ecosystem.
Moreover, importing basic day-to-day consumables from other countries could have devastating impact on the local manufacturers and businesses as outside players can manipulate regional markets by mass dumping their goods which would make it difficult for native competitors to sustain their operations, forcing them to shut down, leading to unemployment, and eventually affecting the economic capabilities of a state by slowly draining its wealth.
Having said that, advocates of the global economy hail it as a very favorable step towards world peace, resolving conflicts worldwide, and promulgating greater harmony among people belonging to different areas. In addition to this, it provides consumers with a wide range of consumables to choose from, thus providing them better alternatives and improving their standard of living. Furthermore, this would create a competitive atmosphere for local ventures to become more innovative and produce much superior merchandise.
To cap it all, I opine even though there are certain detriments of this modern arrangement, the favors it is likely to bring around are more profound, and thus, exceed the former by miles. The shortcomings associated can be surmounted by espousing prudent policies and greener fuels.
