THE HIDDEN COSTS OF INTERNATIONAL TRADE

The rapid growth of international trade in recent decades has become essential in increasing economic prosperity and strengthening relations between countries worldwide. However, this growth also raises various negative impacts that must be well understood. This study aims to identify and analyze these negative impacts and mitigation strategies that can be implemented to reduce or avoid these impacts. This study uses the Systematic Literature Review (SLR) method. A systematic Literature Review (SLR) is a method used to identify, assess, and compile all literature relevant to a research topic systematically and transparently to find strategies to help overcome the negative impacts of international trade. The study results show that international trade has a significant negative impact. These negative impacts include unhealthy competition, job losses, environmental impacts, social injustice, a decline in primate and other species populations, economic inequality, cultural damage, and development inequality. Efforts are needed to overcome these negative impacts so that international trade can sustainably benefit all parties.

Publication Details

Journal
Jurnal Ekonomi dan Bisnis (EK&BI)
Published
2024-12-28
DOI
https://doi.org/10.37600/ekbi.v7i2.1670
Primary Topic
Forest Ecology and Biodiversity Studies
Type
article
Field-Weighted Citation Impact
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article

THE HIDDEN COSTS OF INTERNATIONAL TRADE

Jurnal Ekonomi dan Bisnis (EK&BI)
Forest Ecology and Biodiversity Studies
article

THE HIDDEN COSTS OF INTERNATIONAL TRADE

article en

Abstract

The rapid growth of international trade in recent decades has become essential in increasing economic prosperity and strengthening relations between countries worldwide. However, this growth also raises various negative impacts that must be well understood. This study aims to identify and analyze these negative impacts and mitigation strategies that can be implemented to reduce or avoid these impacts. This study uses the Systematic Literature Review (SLR) method. A systematic Literature Review (SLR) is a method used to identify, assess, and compile all literature relevant to a research topic systematically and transparently to find strategies to help overcome the negative impacts of international trade. The study results show that international trade has a significant negative impact. These negative impacts include unhealthy competition, job losses, environmental impacts, social injustice, a decline in primate and other species populations, economic inequality, cultural damage, and development inequality. Efforts are needed to overcome these negative impacts so that international trade can sustainably benefit all parties.

Jurnal Ekonomi dan Bisnis (EK&BI)Vol. 7(2)
Decent work and economic growth
Openalex Percentile: Top 45%
Forest Ecology and Biodiversity Studies
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