International trade: How trade relationships affect economic growth?
DOI:
https://doi.org/10.32978/sjp.2025.007Keywords:
foreign trade, protected economy, developing countries, international marketsAbstract
This study explores the significance of international trade as a solution to the problem faced by countries that struggle to achieve self-sufficiency in goods and services. This struggle is often due to factors like the nature of the products or the lack of capital, technology, or modern management in some nations, which prevents them from producing goods at a lower cost. The aim of the research is to highlight the role of foreign trade in enhancing and developing the local economy, providing it with foreign currencies, and understanding the key methods of this trade.
The findings suggest that foreign trade has emerged as a response to profound changes in the global economy and the challenges encountered by developing countries. These challenges include attempts by industrialized capitalist nations to exert control over international markets and to dominate the developing world.
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