This implies a clear trade-off between economic benefits and ecological costs, that is, economic growth is accompanied by long-term damage to the ecological value of rehabilitated coastal areas. The actual trade-off of coastal reclamation in Hangzhou Bay is also shown in the figure. ESV loss and economic gain showed an increase. The weight of the US economy relative to the global economy as a whole, for example, is a factor that is often underestimated. part of the global power of the United States, and the size and dynamism of the American market generate enormous powers of attraction, particularly in Europe and Asia, the two most important regions of the world from a point of view geopolitics; Developing economies may find it difficult to diversify their economies. Disadvantages of free trade, Trade diversion. When production shifts from low-cost producers to high-cost producers. Importance of trade for the global economy Global exports of goods and services increased to 2. Related. Blog Entries on Trade Barriers, Embargo: An embargo is a government order that restricts commerce or trade with a specified country or the exchange of specific goods. An embargo is generally created following an unfavorable situation.