In today’s world, global trade and bilateral interactions between countries have become one of the most important factors of economic development and growth in the world. With the advancement of technology and communication, the volume of global trade has increased dramatically and acts as a global market engine. In this article, we will study the growth process of global trade and bilateral interactions between countries, and we will examine its role in economic development and people’s living standards.
One of the main reasons for the growth of world trade is trade liberalization and the removal of trade barriers. In the past decades, many countries have reduced protectionist policies and customs tariffs and facilitated international trade. These measures have boosted global trade and provided the possibility of obtaining better quality goods and services at reasonable prices. With the increase in global trade, companies can access wider markets and have new opportunities to expand and develop their sales.
Bilateral interactions between countries also contribute a lot to the growth of world trade. On the one hand, it is possible to design and implement bilateral trade agreements between countries. These agreements include allocation of financial facilities, reduction of customs tariffs, encouragement of foreign direct investment and protection of intellectual property rights. Also, foreign investment and the import of new equipment and technology help to develop the production sectors in countries and thus increase the competitiveness of national industries.
On the other hand, by establishing trade relations with other countries, the amount of export and import of a country increases, which causes internal economic growth and increases the added value of national products. Establishing trade with advanced and technology-oriented countries can be an effective way to transfer technical knowledge and innovation to underdeveloped countries and thus contribute to the sustainable development of these countries. Also, international trade creates a lot of labor and increases the number of jobs and thus improves the standard of living of the society.
Nevertheless, the growth of global trade and bilateral interactions between countries also faces certain challenges. One of these challenges is the competition between national and foreign companies. Unfair competition and limited resources endanger the industrial sectors of developed countries and rely on the export of raw products. Also, translation problems and incomplete understanding of business laws and regulations in some countries can hinder business development.
Considering these challenges, it is very important to recognize and use the opportunities in global trade. Countries should be able to increase the level of competitiveness of local industries with vigilance and necessary abilities and achieve dynamism and innovation by using new knowledge and technologies. Also, reforming trade policies and removing trade barriers will increase the equality of opportunities in the global market and improve trade conditions.
In short, the growth process of global trade and bilateral interactions between countries are essential for economic development and raising the standard of living of societies. By increasing the equality of opportunities, transferring technology and knowledge, and creating new jobs, it will be possible to improve the economic situation globally. With the implementation of appropriate policies and active cooperation with other countries, the growth of global trade and bilateral interactions between countries can be considered effective in improving economic conditions in different societies of the world.
