Advantages and disadvantages of international trade include several things. To start, advantages include an increase of local employment, better quality goods including more variation of goods and helping maintain closer relations between countries. Technical knowledge is shared, increased competition on all levels and monetary gains. The World economy benefits by international trade since it
. is interdependent. Disadvantages include production at the local level may suffer. Local companies may be outdone by the competitors internationally. Finally, dependence on another country could be considered a disadvantage.
