Zeitschrift für Global Economics

The Role of Global Trade in Economic Development

Abstract

Kerten Gouriesl

Global trade plays a pivotal role in the economic development of nations worldwide. Over the years, trade has served as a catalyst for growth, fostering prosperity, and facilitating international cooperation. The exchange of goods, services, and ideas across borders creates opportunities for countries to leverage their strengths, enhance productivity, and achieve sustainable development. This article explores the multifaceted role of global trade in economic development, highlighting its impact on GDP growth, employment, technological advancement, poverty reduction, and overall well-being.