What are the Disadvantages of Specialisation?

-Domestic Industries may Shut Down as Foreign Firms are Better at Making the Goods or Services. -Specialisation leads to Overreliance on 1 Industry, which in turn can lead to Economic Instability -Nations are Vulnerable to Cuts in the Supply of Goods they do not Produce -If a Nation Focuses on 1 Industry, then all the other Industries may start Declining leading to Mass Structural Unemployment due to a lack of Transferrable Skills