Benefit for consumers - Access to wide variety of goods & services at lower prices and quicker pace, Raises living standards around the world, Cost for consumers - Reduced quality of goods and services, Unsafe products or services, Benefit for workers - Increased job opportunities in developing countries, opportunity to work all over the world, Cost for workers - Loss of jobs when companies move opUnsafe and/or unhealthy work conditions, paid wages below required to live, loss of jobs when companies move operations to another country, Benefit for producers - More opportunities to sell goods or services Access to consumers all over the world, Opportunity to lower costs and achieve competitive advantage, Cost for producers - Hard for smaller businesses to compete globally, Greater risk eg rely on many different sources, different laws & regulations cultural misunderstandings, reputation damage, Benefit for governments - Generates income to local supplies, businesses = increased money into local economy = spending on community/country, Cost for governments - Difficult decision making and greater government pressure to protect national interests and tackle global challenges,

EFFECTS OF INTERDEPENDENCE​

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