What is one potential negative consequence of dependence on foreign markets?

Dependence on foreign markets can lead to economic vulnerability because it makes a country's economy susceptible to external shocks. For instance, if a country is heavily reliant on exports to a particular market, any downturn in that market, such as a recession or changes in consumer preferences, can negatively impact the country’s economic stability. Additionally, fluctuations in exchange rates, trade policies, or political instability in foreign countries can also affect availability and prices of goods, leading to instability in domestic jobs and industries. This reliance can hinder local businesses from thriving independently and make the economy less resilient in the face of global changes.