Negative effects of economic liberalization

Negative effects of economic liberalization

A flood of consumer goods such asandnto the United States, Europe, and Japan has helped fuel the economic expansion of  economies in recent decades. However, Chinese and clothing exports have recently encountered criticism from Europe, the United States and some African countries.In South Africa, some 300,000 textile workers have lost their jobs due to the influx of Chinese goods.The increasing with China has cost 2.4 million American jobs between 2001 and 2008, according to a study by theA total of 3.2 million – one in six U.S. factory jobs – have disappeared between 2000 and 2007

] Brain drain

Opportunities in  drives talent away from, leading to. Brain drain has cost the  continent over $4.1 billion in the employment of 150,000 expatriate professionals annually. students going abroad for their higher studies costs Indiaoutflow of $10 billion annually