1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
guapka [62]
3 years ago
12

2. Textiles and apparel are an industry that many countries tend to protect. Underdeveloped countries, especially in Asia, try t

o expand their textile industries to achieve development and economic growth.
Why would lowered trade barriers on textiles around the world be helpful to these countries? How might lowered trade barriers be harmful to them?
History
2 answers:
Fiesta28 [93]3 years ago
7 0

Answer: Lowered trade barriers in the textile industry is a very controversial topic.

Lowering trade barriers would favor trade and benefit purchasers in the mentioned countries.

However, lowering trade barriers could ruin small producers and could also create unemployment. The practice of Dumping can also be promoted by big countries to obtain benefits of disloyal competition.

borishaifa [10]3 years ago
5 0
Lowered trade barriers would probably mean the ability for foreign textile and apparel countries to enter. The countries that would except these foreign textile traders would benefit definitely because one, there would be more taxes to collect. Two, there would be more competition so the local textile companies have to work harder. Good for the people. With this money will circulate. The more the people spend on textile and apparel, the more taxes the country can get. The only downside is that while there is more competition, the local countries might not be able to compete with the foreign ones. 
You might be interested in
who was one of the greatest playwrights in the world A william shakespeare B francis drake C edmund spenser D sir walter raleigh
Viefleur [7K]

William Shakespeare, was one of the greatest playwrights in the world was.

3 0
3 years ago
"There is no such thing as a free lunch" is a famous economic expression that means everything has a cost. In 1 or 2 sentences,
cupoosta [38]
"There ain't no such thing as a free lunch" expresses the idea that even if something seems like it is free, there is always a cost, no matter how indirect or hidden. 
8 0
3 years ago
Read 2 more answers
Hi answer this plz I have no points :( plz just say hi as a answer ok
fiasKO [112]

Answer:

hi

Explanation:

5 0
3 years ago
Why did neither the mauryan nor the gupta empire expand to the northeast?
lakkis [162]
<span> the Himalayan mountains was in the way as this acted like a barrier </span>
6 0
3 years ago
What was the three goals stated in the slogan of the revolution
Alexxx [7]

Answer: "Liberty, Equality, Fraternity

Explanation: i am shmort

8 0
2 years ago
Other questions:
  • How did Native Americans influence cultures in Europe?
    9·2 answers
  • Which of Mary Stuart’s conspirators devised the plot to murder her cousin who, at the time, occupied the throne of England?
    12·1 answer
  • How long did the Industrial Revolution last?
    12·1 answer
  • Which of the following correctly describes the Federalists' argument that having three branches of government protected the peop
    7·2 answers
  • 1.Who was the Venetian man who Kublai Khan sent on many travels-missions which were later recounted in writing, though some now
    5·1 answer
  • In the Olmec world, a certain kind of person could be a human being and an animal. What are such people called
    10·1 answer
  • What crops were developed by early farmers in the Americas?
    6·1 answer
  • What was a significant cause of decline for the song high empire
    10·1 answer
  • History when was America started?
    6·1 answer
  • How are nutients from the food you eat absorbed after digestion?​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!