Select a country and research the impact of trade on jobs in
Select a country and research the impact of trade on jobs in that country. Has international trade lead to an increase in the unemployment rate in the country? Which export industries have created jobs? Which import industries have lost jobs? Need citation
Solution
Country:India
International trade has not lead to an increase in the unemployment rate in India. Infact, trade has provided many employment opportunities to the growing workforce of India. A lot of jobs have been created in many sectors especially IT sector.
The export industries which have creates jobs are IT, Pharma sector and textile sector. Exports from the It sector have been growing over the years.
Steel and aluminium producing industries have lost jobs in India because of cheap steel and aluminium imports from China.
