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The Future of Global Trade in the Context of Digital Transformation: A Mixed-Methods Study

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The Role of International Trade Policies in Shaping Emerging Market Economies: A Mixed-Methods Analysis

Abstract

International trade policies are crucial in defining the economic routes of the Emerging Market Economies (EMEs). For adopting to the changing international trade agreements, non-tariff barriers, and its structures these economics are facing various difficulties. The main aim of this research is to use the mixed methods approach for evaluating how the growth and economic enhancement of evolving markets are impacted by international trade policies. The EMEs will have both opportunities and challenges as global trade always changes. Besides, knowing trade policies of superior trade agreements, reductions in tariff, and accessing of markets is needed.

The approach of mixed methods involved in this research delivers a detailed analysis of how the international trade policies model the EME’s. For evaluating the growth of GDP, trade flows, and sectoral performance across different industries the quantitative analysis involves the econometric models. Moreover  the research recognizes the major trends and patterns showing how trade agreements influence the performance of these economics through comparing outcomes of the policy. To clearly understand certain influences of trade policies on financial advancement the outcomes are useful for business executives and policymakers. The research also gathers qualitative insights from conducting interviews with trade specialists, managers of the business and others.

The interviews conducted deliver effective comprehensions related to the local aspects which influence the international trade policies’ execution. Different factors playa crucial role in failure or the success of trade agreements such as institutional, social, and political. Basically these policies are helpful to improve the growth of businesses depending on the alignment with the trends global markets. But poor implementation of these policies might result in delaying the procedures. Efficiently balancing openness with deliberate protection is an important key for acquiring growth sustainability.

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