CHALLENGES AND OPPORTUNITIES IN THE MAIN GLOBAL MARKETS
DOI:
https://doi.org/10.56238/bocav25n77-003Keywords:
International Trade, Economic Development, Economic Integration, Innovation, Competitive AdvantagesAbstract
This article analyzes the importance of global trade for economic development, considering the main theoretical frameworks, regional integration processes, and the contemporary challenges faced by international markets. The objective is to understand how international trade contributes to productivity growth, technological innovation, and economic efficiency, while also highlighting structural limitations and global inequalities. The methodology is based on a literature review, addressing classical theories such as absolute and comparative advantage, as well as contemporary models focused on economies of scale, global value chains, and digital transformation. Among the topics discussed are the role of public policies in building competitive advantages, the effects of economic integration on regional growth, and the emerging opportunities in high-tech sectors. The study concludes that global trade remains essential to development, provided it is aligned with national strategies that prioritize innovation, industrialization, and equitable access to the benefits of globalization.
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