Required Resources

Read/review the following resources for this activity:

• Textbook: Chapter 3
• Lesson
• Minimum of 1 scholarly source

Initial Post Instructions

It has been said that global trade improves the quality of life. Do you believe that this is true? Are there examples of global trade lessening the quality of life in a particular country or region? Does everyone benefit equally from global trade? Why or why not?

Using research, argue either for or against the statement that global trade improves the quality of life.

Follow-Up Post Instructions

Respond to at least one peer. Further the dialogue by providing more information and clarification.

Writing Requirements

• Minimum of 2 posts (1 initial & 1 follow-up)
• APA format for in-text citations and list of references

SOLUTION

I  concur that global trade improves the quality of life. Global trade enables countries to attain products that are not locally produced, and at affordable costs. Consumers can import goods or services from other countries, which fits their actual needs better than the domestic offerings, hence improving their quality of life. Furthermore, the foreign businesses also benefit from international trade by making more sales and profitability margins than they could have made by solely relying on the local market (Gitman, & McDaniel, 2018). The foreign currency plays a crucial role in enhancing the quality of life among consumers and producers alike, as it can be used in making purchases within the country in foreign markets. The overall economic growth attributed to global trade plays a fundamental role in improving the quality of life among people. Please click the purchase button to access the entire copy at $5