International Trade Agreements and Trade Volumes Influence on the Economic Growth of Countries

This study looks at how international trade agreements and the amount of trade between countries affect the economy and how stable it is. It uses information from 267 countries from 1960 to 2024 to see how trade openness affects the growth of a country's economy. The study uses numbers and real-life examples to understand this relationship. It finds that trade openness and economic growth are not closely linked. However, trade does help make the economy more stable and better able to handle problems over time. Therefore, trade supports sustainable long-term development but is not the only driver of economic growth. International trade agreements and trade volumes support growth and reduce economic volatility.