Impact Of International Trade On Regional Economic Growth

This study aims to analyze the impact of international trade on regional economic growth through literature studies. International trade is one of the main drivers of economic growth in the era of globalization. Despite a significant increase in the volume of global trade, the distribution of benefits is not always evenly distributed across regions. Some regions with adequate infrastructure access and supportive economic policies experience rapid economic growth, while other less developed regions face limitations in taking advantage of international trade opportunities. This study shows that international trade contributes significantly to increasing Gross Regional Domestic Product (GRDP), investment, and job creation, although these impacts depend on the readiness of infrastructure and the competitiveness of each region. Factors such as government policies and access to global markets also play a role in influencing the benefits obtained. This study recommends policies for infrastructure development and strengthening the competitiveness of local products to ensure that all regions can feel the optimal benefits of international trade. The results of this study provide direction for the government in formulating policies that encourage inclusive and sustainable economic growth at the regional level.

Authors

Publication Details

Journal
Nomico.
Published
2024-09-14
DOI
https://doi.org/10.62872/q69xmg59
Citations
1
Primary Topic
Global Trade and Competitiveness
Type
article
Field-Weighted Citation Impact
0.55
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article

Impact Of International Trade On Regional Economic Growth

Loso Judijanto, Abdul Azizs
1 citations
Nomico.
Global Trade and Competitiveness
0.55
article

Impact Of International Trade On Regional Economic Growth

Loso Judijanto, Abdul Azizs
article en
1 citations

Abstract

This study aims to analyze the impact of international trade on regional economic growth through literature studies. International trade is one of the main drivers of economic growth in the era of globalization. Despite a significant increase in the volume of global trade, the distribution of benefits is not always evenly distributed across regions. Some regions with adequate infrastructure access and supportive economic policies experience rapid economic growth, while other less developed regions face limitations in taking advantage of international trade opportunities. This study shows that international trade contributes significantly to increasing Gross Regional Domestic Product (GRDP), investment, and job creation, although these impacts depend on the readiness of infrastructure and the competitiveness of each region. Factors such as government policies and access to global markets also play a role in influencing the benefits obtained. This study recommends policies for infrastructure development and strengthening the competitiveness of local products to ensure that all regions can feel the optimal benefits of international trade. The results of this study provide direction for the government in formulating policies that encourage inclusive and sustainable economic growth at the regional level.

Nomico.Vol. 1(7)
Openalex Percentile: Top 21%
Global Trade and Competitiveness
0.55
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Impact Of International Trade On Regional Economic Growth — Loso Judijanto, Abdul Azizs · Nomico. (2024) | TGRS Research Map | TGRS