Trade and Development
Trade and development refer to the relationship between the exchange of goods and services and the economic growth of countries. When countries engage in international trade, they can access a wider variety of products and markets, which can lead to increased income and job creation. This exchange often helps developing nations improve their infrastructure and living standards.
Development, in this context, involves enhancing the economic, social, and political well-being of a country. Trade policies can play a crucial role in this process by promoting investment, technology transfer, and capacity building. Ultimately, effective trade can support sustainable development goals and reduce poverty.