This paper tries to study the economic consequences of emergence and development of border market from the viewpoint of perception, interpretation and experience of people. In fact, cross-border market in Kurdish regions has developed after the changes happened in Iraq in recent decade. Hence, the study of the consequences of emergence and development of these types of markets is important from sociological point of view. This study, in theoretical section has its roots in critical perspective of theorists such as Bourdieu, Simmel, Polanyi, and Sandels, and in methodology, in accordance with the critical paradigm, critical ethnography has been used. The case study is Baneh Border Market. In this study, data were collected with the method of theoretical sampling, and interview, dialogue, focus group and documentary analysis. Findings were presented using method of open and axial coding in two levels of descriptive and analytical. In descriptive level, research findings categorized in two axial categories of history of trade and border market in Baneh as well as growth and expansion of business and consumer spaces. Results showed that from the viewpoint of respondents, most important consequences of border and trade market are servicization of society, increasing the immigration to Baneh, hegemonization of money, undermining of the traditional modes of production, debilitation of middle class, emergence of new-money wealthy merchants, increasing economic inequality, and the commodification of space. In the end, the relationship of the results of the study with literature and theoretical perspective will be discussed and analyzed.