Trade without borders Essay Example | Topics and Well Written Essays - 750 words - 1

Trade without borders - Essay Example It can also be stated that tariffs and trade in the national territories of these two economies have profoundly affected their business activities through various channels of commodity specifications, technology assistances as well as the benefits of influx socio-cultural diversities (Hornok, â€Å" Trade Without Borders: Trade Effect of EU Accession by Central and Eastern European Countries†). The paper intends to discuss on the advantages and disadvantages of trade without borders by analyzing the available relevant information in relation to the trade affairs performed within Canada and the US. The paper also aims to provide recommendations to small business owners in obtaining the complete benefits of trade liberalization. Undoubtedly, in the present day context, international trade activities play a crucial role in determining economic growth through capital inflows. Cross-border trade liberalization has also been considered as strongly influencing in relation to the labor migration activities and business cycles of the economy. From a critical perspective, the initiatives to eradicate borders when liberalizing trade render greater opportunity of growth to the traders in a less risky business environment. This in turn serves as a supportive attribute towards economic growth and sustainability at large (Caporale and Girardi, ‘Business Cycles, International Trade and Capital Flows: Evidence from Latin America’; LSE, ‘International Trade and International Capital Flows: A Theoretical Perspective’). The liberalized trade activities practiced in the developed economic structure of Canada can be illustrated with reference to increasing amount of exports to various regions of the US, especially from the small business sector of the nation. Stating precisely, the survey conducted by Canadian Federation of Independent Business (CFIB) also stated that trade practices are mostly performed by small business