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Showing posts with label Consumer. Show all posts
Showing posts with label Consumer. Show all posts

International Trade Has Benefits for the Consumer, Worker and for Businesses

When a consumer in the UK buys mangoes or bananas, coffee or a bottle of wine, they are experiencing the effects of international trade not only in the products that are on offer but often also in the price of those products.

But it doesn't only apply to the products on the supermarket shelves. Increasingly the flat pack furniture a consumer buys at a competitive price, the clothes and shoes they wear, or the toys they buy for the children all have their origins in another country.

The chances are that the furniture originated in South East Asia, the clothes were made in India, the shoes in Brazil and the toys in China.

The same is true for businesses, who manage their overheads by "offshoring" using call centres in India or the Philippines to manage their communications with customers or potential customers, or having their websites hosted and managed, or their R & D carried out in India.