THE ROLE OF FOREIGN TRADE POLICY IN ENSURING THE COUNTRY'S MACROECONOMIC STABILITY
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Abstract
Foreign trade policy plays a crucial role in maintaining a country’s macroeconomic stability by influencing key economic indicators such as GDP growth, inflation, employment, and balance of payments. Effective trade policies can help promote export diversification, attract foreign investment, and ensure a sustainable trade balance. Conversely, poorly designed policies may lead to external imbalances, currency volatility, and inflationary pressures. This study examines the relationship between foreign trade policy and macroeconomic stability, focusing on how liberalization, tariff regulations, exchange rate management, and export promotion strategies impact overall economic performance. The analysis highlights the importance of a balanced trade policy framework that fosters competitiveness, protects national interests, and enhances resilience against global economic shocks.
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References
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