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There would be little to no market, and therefore society's way of life to make the finest products available at the best prices would not be conceivable. Having a higher standard of life because of globalization, and travel has become common, whether it's for business or pleasure.
The disadvantages are easy to see by looking at occurrences that happen all over the world. Political decisions, weather catastrophes, wars, and many other things, no matter where they happen, seem to affect jobs, economy, and even gas prices. Where the labor market has not stabilized in America, unemployment rates are rising, and this is not particular to just America; the same conditions have been documented in many countries, regardless of their development stage...
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