It is often argueed that while few indiviuals thinks export of goods across national borders is essential for economic growth, while other claims that it destroys local industries. In my opinion, this trade has both positive and negative aspects. While national border trade helps in economic growth, it also results in fall of local industies.
On the one hand, the good export will help in development of industries and bring up more challenge in local industries. Furthermore, export of goods also help in several ways such as overall country GDP, trade will be in USDT, that will directly help country income. For example, India export spices which are widely recogonised all over the world, if country will stop taking the spices from India that will directly impact country income. Moreover, there is huge trade in exchange of goods. For instance, India gave spices to USA, in return USA give something more valueable like money, gold, clothes, etc.
On the other hand there are several consequences of this trend. Firstly local vendors cannot trade directly with the cleint they have to go with different procedure which make very difficult to trade. Secondly, imported clothes directly impact local industry, for example people don’t buy clothes from local industries they like to wear the imported ones. Moreover, the local clothes are cheap and made up of some good quality people prefer to wear imported this results in destruction of local industries.
In conclusion, although movement of goods across the world has become more beneficial it also compete with local industries in many ways. Therefore, I would consider this to very crucial for bringing awareness in local industries and national trade will help in economic growth.