Review of International Trade Policies: Implications for Global Economic Stability

Abstract

The dynamics of international trade play a pivotal role in shaping the global economic landscape, influencing 
growth, development, and stability among nations. This review aims to critically analyze the diverse range of 
international trade policies implemented by various countries and their implications for the overarching goal of 
global economic stability. The study employs a comprehensive approach, examining the historical evolution of 
international trade policies, major trade agreements, and the changing geopolitical landscape that has shaped the 
current state of global trade relations. The impact of protectionist measures, tariff wars, and non-tariff barriers on 
international commerce is explored, highlighting both intended and unintended consequences. Additionally, the 
review assesses the role of emerging economies and their integration into the global trading system. Special attention 
is given to the challenges faced by developing nations in navigating the complexities of international trade policies 
and the potential for these policies to exacerbate existing economic disparities. Furthermore, the study investigates 
the role of international organizations and forums in fostering cooperation and resolving trade disputes. The 
effectiveness of existing mechanisms, such as the World Trade Organization (WTO), is evaluated, and potential 
reforms or alternative approaches are considered in light of evolving economic realities.