Home > Subjects > Economics > Impact of Free Trade and Regulated Trade on Environment

Impact of Free Trade and Regulated Trade on Environment

International trade has positive and adverse effects on the environment, economy and social set-up of any given country. Free trade and regulated trade as forms of international trade have enabled most countries to achieve Impact of Free Trade and Regulated Trade on Environmenteconomic growth. Some of the positive effects of free trade include expansion of markets, infrastructural development, access to cheaper and modern technology, and labor and capital mobility. Free trade enabled different countries to acquire goods and services which they are not able to produce. Free trade has led to increased cases of environmental degradation as the existing natural resources are exploited to create products. Some of the industries do not observe environmentally friendly methods of production thus reducing the quality of the environment. The effects of free trade on the environment have prompted different countries to develop policies that regulate the use of natural resources in production. Besides, they are encouraging environmentally friendly methods of production. Most countries promote the use of renewable sources of energy to reduce the effects of production on the environment. Therefore, this report outlines the impact of free trade and regulated trade on the environment. Much of the study regarding the effects of free trade on the environment was carried out in the United Arab Emirates. The report outlines various tariffs imposed on the business regulation impact on the environment.

Related Posts

Leave a Comment

10 + nine =