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

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Published: Jan 10, 2024
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. (2024). ROLE OF INTERNATIONAL TRADE LIBERALIZATION IN THE ECONOMIC DEVELOPMENT OF THE COUNTRY. Proceedings of Scientific Conference on Multidisciplinary Studies, 3(1), 168–176. Retrieved from https://econferenceseries.com/index.php/scms/article/view/3565
Issue
Vol. 3 No. 1 (2023): SCMS
Section
Articles