Question
Explain how the global trade affects many aspects of life.
✓
Answer
Global trade affects the environment, health and well-being of the people.
- Due to competition between countries to trade more, production and the use of natural resources has increased.
- Resources are used faster than they can renew themselves. As a result, marine life and forests are depleting fast.
- Multinational corporations trading in oil, gas mining, pharmaceuticals and agri¬business are exploiting local resources and creating more pollution.
- Health and well being of people is affected due to pollution and depletion of resources
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