Threats to global trade includeMultiple select question.7.7 billion potential customersincome inequalityrogue statesterrorism
Question
Threats to global trade include
- 7.7 billion potential customers
- income inequality
- rogue states
- terrorism
Solution
The threats to global trade include:
-
Income Inequality: This refers to the unequal distribution of income within a population. It can lead to social unrest and political instability, which can disrupt trade.
-
Rogue States: These are nations that do not comply with international law and norms. They can pose a threat to global trade by disrupting trade routes, imposing sanctions, or engaging in illegal activities such as smuggling or piracy.
-
Terrorism: Acts of terrorism can disrupt trade by causing physical damage to infrastructure, increasing security costs, and creating an environment of fear and uncertainty.
The option "7.7 billion potential customers" is not a threat but rather an opportunity for global trade. The more customers, the larger the potential market for goods and services.
Similar Questions
Threats to global trade includeMultiple select question.7.7 billion potential customersincome inequalityrogue statesterrorism
How important can be trade to the success of the socities ? Why countries some times want to restrict trade? Explain both parts of the question. 10 marks
The need for risk management increases as globalization of supply chains increases.Group startsTrue or False
Q3Do you think countries are equally vulnerable in a global economy? Why do you say so?
International trade theories only consider the benefits of trade and ignore any drawbacks.Question 26Answera.Trueb.False
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.