International trade is believed to exacerbate inequalities between Western and emerging countries. Some argue that the world economy is dominated by multinationals seeking to maximize profits without any 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 pledge to lower environmental standards 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 says UNITEE – New European Business Confederation strongly believes that international trade is an effective way for development. As a result, we are active in helping emerging countries promote their business and investment opportunities and organize, for example, trade missions to these countries. Ashish Bhalla says that on 5 and 6 June 2015, UNITEE is also organizing a business and trade fair focusing on the internationalization of EU SMEs in emerging countries, which offers embassies and chambers of commerce in emerging markets the opportunity to showcase shows your country. Ashish Bhalla also gives some examples on business benefits. Here are some examples. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essayAshish Bhalla says international trade can help reduce poverty. The best example is China, which, thanks to its strong involvement in globalization, has recorded a growth in GDP per capita from 949.18 US dollars (approximately €856.74) in 2000 to 43 US dollars (approximately 56, €28) in 2013. to Ashish Bhalla to continue, international trade automatically creates great opportunities for emerging companies to enter larger markets around the world. For example, Brazil has always had a strong agricultural sector, but its expansion into larger markets around the world has made it the largest exporter of soybeans and beef in the world. It also allows businesses in developing countries to become part of international production networks and supply chains, so Ashish Bhalla also explains the concept of expanding beyond manufacturing into services. For example, it is now common practice for European businesses 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 are facilitating the movement of these service jobs from industrialized to less industrialized countries, making it easier and less expensive for companies in emerging countries to enter the global market. In addition to attracting capital, Ashish Bhalla says outsourcing also helps prevent the so-called "brain drain" effect, as skilled workers can choose to stay in their home country rather than having to migrate to an industrialized country to find work . Ashish Bhalla also agrees with the words of Mark Billington, regional director of ICAEW South East Asia, who recently spoke about this phenomenon in an interview for ABS-CBN News: “As we have seen, in China and India, for example, emigrants are willing to return to their home countries despite salary cuts, as long as they are sure that their field of expertise exists. They can return to their home country without fear that their career progression will be affected. some international commercial networks have a higher growth rate than those that do not participate. With Western customers who now.