Global Trade Dynamics and Developing Economies

As globalization faces challenges like rising protectionism and uneven economic policies, developing countries struggle to fully integrate into global trade systems. Factors such as weaker institutions and low rule of law create barriers that hinder their participation, despite falling tariffs and trade reforms. For instance, India and China, despite their growth, exhibit different trade dynamics influenced by their historical contexts and domestic policies. Policymakers must understand these complexities to navigate trade agreements effectively and promote economic growth.