Explain five reasons why it is necessary for a country to control international trade

  • To enable infant industries to grow without  interference from foreign industries.
  • To avoid entry into the country of commodities which might be harmful to the moral culture and health standard of its people.
  • To eliminate dumping of inferior or substandard goods in country.
  • To correct balance of payment deficit .
  • To enable a country to fully exploit its resources which otherwise might be idle from undue competition .
  • To raise revenue for government projects in the country
  • To reduce the dependency of a country on another which might mistreat her incase of misunderstanding between them .
  • To protect key industries which promotes faster development and lead to establishment of other industries
  • To diversify industrial growth by allowing production of different commodities to prevent dependence on other countries .

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