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Locally Produced Goods Versus Imported Goods - Essay Example

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This essay explores the reasons why locally produced goods are better than imported goods. For example, the imported goods do not offer cheap rates over a long time…
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Locally Produced Goods Versus Imported Goods
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Locally Produced Goods Versus Imported Goods

Download file to see previous pages... It is evidently clear from the discussion that modern days have seen the transportation and use of goods irrespective of their geographical locations. This trend is most of the time attributed to the freedom of mobility as a result of globalization and technological advancements. Thus, sometimes, goods which are imported become cheaper and of better quality than the locally produced ones. Along with this trend, there arises the controversy whether it is right to give priority to imported goods over the locally produced ones on the basis of price and quality. Though the trend seems harmless at the first sight, history proves that this practice will have a number of negative effects. Studies show that locally produced goods are better than imported goods due to many reasons. Firstly, the imported goods do not offer cheap rates over long time. So, if there is more reliance on imported products, the local production will disappear. This will allow foreign companies and nations to have total monopoly over the product. They may utilize this situation to exploit the consumers through increased price or reduced quality. This will have a serious impact on the security of any nation. Secondly, when there is higher reliance on imported goods, the local producers will have to stop production. This will affect the local economy at both macro and micro level. Thus, profit on one side is loss on the other. Also, it becomes evident that the plants and animals of a particular place are best suited to the local environment. So, for the inhabitants of that place, consuming the locally available things is the best way for survival in that area. Moreover, it becomes evident that this practice has a devastating effect on culture. A culture is called a culture for various reasons ranging from food habits, specific rites and ritual, a specific dress code, art, and language. So, deviating from any of these for financial gains will lead to a dilution in the culture as has seen around the world. In addition, there are humanitarian issues too. As noticed, most of the mass produced cheap products are the result of considerable levels of exploitation. In nations like China, which are known for cheap production, workers are deprived of even basic salaries and proper sleep. Furthermore, there are both health issues and environmental issues to be explored. Mass production like industrial farming requires heavy use of pesticides, insecticides, and fertilizers. In addition, the mass-produced products require preservation and transportation. The workers who work in such farms will have to face serious health problems. Also, preservation and transportation involve use of preservatives, and waste of energy. Also, when there is mass production, there is large-scale pollution, exploitation of natural resources, and contaminate of natural resources. When this happens, many locally available varieties are ignored. Thus, over time, there will be the loss of many important varieties due to this craze for profit. This will, in turn affect the ecology as a whole. Modern days have seen an increasing exchange of goods irrespective of geographic proximity as a result of improvements in communication and transportation. Thus, people use local and import products in their everyday lives even without being aware about the same. This change came along with a controversy regarding the effects of this change. As multinational retailer giants launched their units in countries like China, people witnessed a rising conflict between regional sentiments and globalization. Thus, presently, there is the question whether one should go for locally produced goods or imported goods. ...Download file to see next pagesRead More
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