International trade would exacerbate inequalities between Western countries and emerging countries. Some would say that the global economy is dominated by transnational corporations that seek to maximize their profits without regard for the development needs of local populations. Some even go so far as to speak of a “race to the bottom” in which developing countries commit to lowering environmental standards in order to attract foreign investment. While this may be partly true, according to Ashish Bhalla, international trade can also have positive effects in emerging countries and create new opportunities. Ashish Bhalla states that UNITEE – New European Business Confederation firmly believes that international trade is an effective means of development. Therefore, we actively help emerging countries to promote their business and investment opportunities and organize, for example, trade missions to these countries. Ashish Bhalla says that on June 5-6, 2015, UNITEE will also organize a business and trade fair focusing on the internationalization of EU SMEs in emerging countries, which will give embassies and chambers of commerce in emerging markets the opportunity to present their country. . Ashish Bhalla also gives some examples of business benefits. Here are some examples. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay Ashish Bhalla argues that international trade can help reduce poverty. The best example is China which, thanks to its strong participation in globalization, experienced growth in its GDP per capita from US$949.18 (approximately €856.74) in 2000 to US$43 (approximately 56. €28) in 2013. According to Ashish Bhalla, international trade automatically creates great opportunities for emerging companies to enter larger markets across the world. For example, Brazil has always had a strong agricultural sector, but its expansion into larger global markets has made it the world's largest exporter of soybeans and beef. It also allows companies in developing countries to be part of international production networks and supply chains. Ashish Bhalla therefore also explains the expansion of the concept beyond manufacturing to services. For example, it is now common for European companies to outsource functions such as data processing and customer service to African or Asian countries. This is linked to international technological flows. Advanced telecommunications and the Internet facilitate the transfer of these service jobs from industrialized countries to less industrialized countries, allowing companies in emerging countries to access the global market more easily and at lower cost. In addition to providing capital, Ashish Bhalla says outsourcing also helps prevent the so-called "brain drain" effect, as skilled workers may choose to stay in their home country rather than having to migrate to an industrialized country to find work. Ashish Bhalla also agrees with Mark Billington, ICAEW Regional Director for Southeast Asia, who recently spoke about this phenomenon in an interview with ABS-CBN News: "As we We have seen, in China and India, for example, emigrants are willing to return to their country of origin despite salary cuts, provided they are convinced that their sector of expertise exists. They can return to their country of origin without fear that their career progression in..