GLOBAL TRADE POLICIES AND THEIR IMPACT ON SMALL NATIONS

Abstract

Global trade policies shape economic landscapes worldwide, yet their effects on small nations often remain underexplored. This article examines how international trade agreements, tariffs, subsidies, and non-tariff barriers influence the economic growth, development, and sovereignty of small nations. By analyzing case studies and empirical data, it reveals that while trade liberalization can offer opportunities for integration into global markets, it may also exacerbate vulnerabilities due to limited diversification and bargaining power. The study emphasizes the need for tailored trade policies that address the unique challenges faced by small nations to foster sustainable economic development.