How do these three images illustrate both the challenges and opportunities associated with trade and globalization?

Answer 1

1. Image 1: A factory in a developing country with low-wage workers in poor working conditions

This image illustrates the challenges associated with trade and globalization, as it highlights the exploitation of cheap labor in developing countries. Companies often take advantage of lower labor costs in these countries to increase their profits, leading to poor working conditions, low wages, and limited workers' rights. This can perpetuate income inequality, exploitation, and human rights abuses.

2. Image 2: A container ship carrying goods from one country to another

This image represents the opportunities associated with trade and globalization, as it shows the interconnectedness of economies and the ability to exchange goods and services across borders. Trade allows countries to specialize in producing goods and services in which they have a comparative advantage, leading to increased efficiency, productivity, and economic growth. It also provides consumers with a wider variety of products at competitive prices.

3. Image 3: A protest against a free trade agreement

This image suggests both challenges and opportunities associated with trade and globalization. The protest may indicate concerns about the negative impact of trade agreements on domestic industries, workers, and the environment. Critics argue that free trade agreements can lead to job losses, lower wages, and environmental degradation in certain sectors of the economy. However, protests also create opportunities for dialogue, advocacy, and policy changes to address these challenges and ensure that trade benefits all stakeholders, including workers, communities, and the environment.