ROLE OF INTERNATIONAL TRADE LIBERALIZATION IN THE ECONOMIC DEVELOPMENT OF THE COUNTRY

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Published: Dec 29, 2023
Keywords:
GDP, free trade, Makhkum's dilemma, Nash equilibrium, infant industry, economic security, trade instruments, tariff, protectionism, Heckscher-Ohlin model.

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Sotvoldiev Alisher Abdumukhtorovich
Andijan Institute of Mechanical Engineering Department of "Accounting and Management". Candidate of Economic Sciences (PhD), Associate Professor
Tokhtamurotov Akhmadali Muhammadali ugli
Assistant Andijan Institute of Mechanical Engineering Department of "Accounting and Management".

Abstract

In this article, the impact of international trade liberalization on economic growth is considered based on various international trade theories, including the concepts of export subsidy and protectionism, explained with hypothetical examples. At the same time, it is explained why developing countries choose such a path. It also analyzes how current protectionism is justified and how free trade is advocated, and who wins and loses because of it, in indicators and arguments.

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How to Cite
Sotvoldiev Alisher Abdumukhtorovich, & Tokhtamurotov Akhmadali Muhammadali ugli. (2023). ROLE OF INTERNATIONAL TRADE LIBERALIZATION IN THE ECONOMIC DEVELOPMENT OF THE COUNTRY. Spectrum Journal of Innovation, Reforms and Development, 22, 321–327. Retrieved from https://sjird.journalspark.org/index.php/sjird/article/view/916
Issue
Vol. 22 (2023)
Section
Articles