Unemployment
Because many domestic industries are hammered by foreign competitors, unemployment rises. Even though some foreign firms move their operations into the country, the net effect is often negative, as foreign producers prefer to employ their own workers rather than provide employment to foreign ones. Generally, work moves to countries with lower labor costs, while countries with relatively high wages import unemployment.
Loss of National Identity
As international trade increases, national identity decreases. The world's diversity suffers as a result of trade agreements and subsequent rises in cross-border trade. Indigenous peoples adopt Western ways of life, watch Hollywood blockbusters and dine at McDonald's. While the general standard of living rises, local culture and national identity withers away.