The Impact of Globalization on International Trade
Globalization has revolutionized international trade by expanding market access, promoting trade liberalization, and driving economic growth. It has enabled businesses to reach global customers and has created new opportunities for SMEs. Additionally, globalization has encouraged specialization, increased efficiency, and led to job creation. However, it has also brought challenges, including job displacement, unequal distribution of benefits, and heightened competition. Policymakers must address these challenges to ensure that the benefits of globalization are more inclusive and sustainable.