The Effects of Trade Liberalization on Economic Growth: A Comparative Analysis of Developing and Developed Countries
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Abstract
Trade liberalization, the removal of barriers to international trade, has been a central policy objective for many countries seeking to enhance economic growth and development. This paper conducts a comparative analysis of the effects of trade liberalization on economic growth in both developing and developed countries. Drawing upon empirical evidence and theoretical frameworks from the field of international economics, the paper examines the impact of trade liberalization policies on key macroeconomic indicators such as GDP growth, employment, productivity, and income distribution. By analyzing case studies and econometric models, the paper seeks to identify the factors that determine the success or failure of trade liberalization strategies in promoting sustainable and inclusive economic growth. this study have implications for policymakers and practitioners seeking to design and implement effective trade policies that contribute to long-term economic development and poverty reduction.
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