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

Authors

  • 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".

Keywords:

GDP, free trade, Makhkum's dilemma, Nash equilibrium, infant industry, economic security, trade instruments, tariff, protectionism, Heckscher-Ohlin model.

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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Published

2024-01-10

Issue

Vol. 3 No. 1 (2023): SCMS

Section

Articles

How to Cite

ROLE OF INTERNATIONAL TRADE LIBERALIZATION IN THE ECONOMIC DEVELOPMENT OF THE COUNTRY. (2024). Proceedings of Scientific Conference on Multidisciplinary Studies, 3(1), 168-176. https://econferenceseries.com/index.php/scms/article/view/3565