The Contribution of International Trade to Economic Growth and Productivity

One of the most common discussions regarding a nation's economy is that of economic growth. Even so, there are other discussions regarding issues like income distribution, poverty, unemployment, inflation, or simultaneous price hikes. In the framework of a nation's economy, economic growth is significant because, while it cannot be disputed, other metrics can also be used to gauge the expansion or success of the economy. International trade is one element that can be utilized as a growth-promoting factor. Export and import together make up the entirety of international trade, therefore any one or both of these elements may be the main drivers of expansion. As a result, the policy turns exports into the engine of growth