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The paper examines the link between trade, trade openness and macroeconomic performance. The main methods used in the paper are a descriptive and comparative analysis of significant empirical studies during the past decades. Based on the presented literature, the empirical results indicate a positive effect of trade and trade openness on macroeconomic variables. Therefore, an introduction of appropriate trade policies in an economy is the major source of its economic growth.
Jozefína Semančíková (Sun,) studied this question.