The Role of International Trade in Economic Development
International trade is instrumental in driving economic development by expanding markets, promoting specialization, and fostering global integration. It allows countries to tap into a wider customer base, enhance efficiency through specialization, and participate in global value chains. However, challenges such as trade imbalances and sustainability concerns must be addressed. By embracing fair and open trade practices, promoting inclusivity, and integrating sustainability into trade policies, countries can harness the potential of international trade to foster economic development and improve living standards.