As the development of economical globalization, develops, a variety of imported products are available to custoonsumers all around the world.

Trade amongbetween different countries is increasing inat an astonisheding speed.

Imported products have brought a lot of benefits, especially the fact that they provide competitive prices because those exporting countries are enable to control the costs.

The lower-endess developed(?) industries are switching to those countries where workers get paid extremely low wages.

Unsure about this correction but I think this is what you meant

For example, many textile, shoes, and household items are manufactured in Vietnam or Indonesia, i. In most of places in the world, those products from Southeast Asian countries are cheaper than local products.

At the same time establish, developing factories in underdeveloped areas will create manufactureing job opportunities for people living in poverty, improving their living standards.

On the other hand, household appliances and hi-tech products from abroad usually have advanced technologies or better design for uses.

International corporate wouldions(?) have adopted a lot of approaches to occupy the market, including cutting prices, extending the guarantees and providing extra services.

Again, not sure about this correction but assuming you mean to say countries that sell their products across the world

Although in athe short period of time the challenge fromterm, imported products may impactchallenge domestic industries, negatively, the competition among companies enforccourages them to increase the quality of their products and additional services.

Domestic companies who have completedundergone a technologyical revolution will have theirdeveloped own commercial viability, otherwise they canwill not survive.

The downside is that if domestic industries weare too weak to upgrade their technologies or, they may be defeated completely by international corporate, the whole countryions. The country will then have to rely on imported products, which is not good for national independentce.

And aLarge numbers of factories closeing down will lead to an increasingthe unemployment rate to increase, and to bin the mwore seriouslyst case scenario, cause economic collapse.