Discuss the Dangers of Trade Dependency

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The Answer is The dangers of trade dependency become apparent when a nation experiences economic recession or political turmoil,which then also harms dependent nations.Trade dependency is a concern in Mexico,which for 30 years was a favorite destination for the investments of U.S.companies.Mexican factories assemble all sorts of products headed for the U.S.market,including refrigerators,mobile phones,and many types of garments.But a weak education system,corruption,an outdated infrastructure,and drug-related violence are forcing some companies to abandon Mexico for locations in Asia and Europe.This move has left many Mexicans unemployed.Although trade dependency was a blessing for Mexico for years,it is now feeling the pain as some companies shift jobs out of the country.The best way for Mexico to cope with its dependency on the United States is to improve its competitiveness and make it the preferred destination among all emerging markets.

Discuss the Dangers of Trade Dependency

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Discuss the Dangers of Trade Dependency

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Correct Answer:
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