THE IMPORTANCE OF INTERNATIONAL TRADE IN A GLOBALIZED WORLD

Authors

  • Kadirova Shakhlo Master’s student of University of World Economy and Diplomacy Research advisor, SIRAJIDDINOV NISHANBAY DSc , Professor of the department "World Economy and International Economic Relations" of the University of World Economy and Diplomacy, D.Sc. Author

Keywords:

Keywords: International trade, globalization, economic development, trade liberalization, competitiveness, global value chains, trade imbalances, protectionism, sustainable trade practices

Abstract

Abstract: International trade plays a pivotal role in today's globalized world,

serving as a cornerstone for economic development, growth, and interconnectivity

among nations. This paper explores the significance of international trade in

fostering economic prosperity, enhancing competitiveness, and facilitating the

exchange of goods, services, and capital across borders. It examines how trade

liberalization, advancements in technology, and the emergence of global value

chains have transformed the landscape of international commerce. Moreover, the

paper discusses the challenges and opportunities associated with international

trade, including trade imbalances, protectionism, and the need for sustainable

trade practices. By analyzing the multifaceted impacts of international trade, this

paper underscores its critical importance in shaping the global economy and

fostering cooperation among nations.

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Published

2024-05-25

Issue

Vol. 1 No. 1 (2024): Universal Science Perspectives International Scientific Practical Journal

Section

Articles

How to Cite

THE IMPORTANCE OF INTERNATIONAL TRADE IN A GLOBALIZED WORLD. (2024). Universal Science Perspectives International Scientific Practical Journal , 1(1). https://interspp.com/index.php/usp/article/view/185