Author(s): Fausto Serati
Globalization has transformed international trade, offering developing economies new avenues for economic growth and development. However, these opportunities come with challenges such as trade imbalances, dependence on primary commodities, and vulnerability to external shocks. This article explores the impact of globalization on developing economies, focusing on the benefits of increased market access, technology transfer, and foreign investment. It also addresses the challenges related to trade liberalization, the rise of global value chains, and the digital economy. The article provides insights into how developing economies can leverage international trade for sustainable development while navigating the complexities of globalization.