THE ROLE OF INTERNATIONAL TRADE LAW IN PROMOTING GLOBAL ECONOMIC STABILITY
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Abstract
This study examines the critical role of international trade law in promoting global economic stability. It highlights how legal frameworks, including multilateral and regional trade agreements, provide predictability, reduce trade-related uncertainties, and foster investor confidence. Dispute settlement mechanisms, particularly within the World Trade Organization (WTO), ensure fairness and prevent unilateral retaliatory measures. The research also emphasizes trade law’s contribution to economic resilience, market integration, and inclusive growth, particularly for developing countries. Despite emerging challenges such as protectionism, digital trade, geopolitical tensions, and environmental considerations, international trade law remains a cornerstone of global economic governance. The study concludes that continuous adaptation and multilateral cooperation are essential for maintaining stability in an interconnected and dynamic world.
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