ADVANTAGES
1. Intergration of markets: Markets are interlinked- European Union
2. Cheaper Products for Consumer: Trainers are Cheap
3. Leads to Outsourcing in some cases which can lead to job loses: Moving call centers to India.
4. Lowering of international Bariers: Now European Union can Trade with ASEAN and NAFTA.
5. Providing jobs in LEDC's and help develop economy (less Economically Developed Countries)
6. Helps prevent market Saturation in a specific market: stops there being too much competitors in one place e.g too much call centres in UK, so move to India
7. Standardisation of product: the same products can be seen in some many places - e.g coke and McDonalds
DISADVANTAGES
1. Intense Competition
2. Widening of Gap between rich and poor countries
3. Harder for Smaller businesses to establish themselves
4. Exploitation of workers: Paying the workers in LEDC's a fraction of what would be paid in to workers in MEDCs.
5. Income generated in Host country is not always spent in the same country - money earned from supplying cheap call centres in India will not be spent in India but maybe in UK or US.