Question

Explain how global trade affects many aspects of life.

Answer 1

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 have 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.
• The Health and well being of people is affected due to pollution and depletion of resources