IJSSER

Title: WHAT IS THE INFLUENCE OF INTERNATIONAL TRADE ON ECONOMIC GROWTH? : META-ANALYSIS ON THE COUNTRIES OF BRICS
Authors: Sanyam Jain
\|\| \|\|
Sanyam Jain O.P. Jindal Global University
MLA 8 Jain, Sanyam. "WHAT IS THE INFLUENCE OF INTERNATIONAL TRADE ON ECONOMIC GROWTH? : META-ANALYSIS ON THE COUNTRIES OF BRICS." Int. j. of Social Science and Economic Research, vol. 8, no. 6, June 2023, pp. 1363-1369, doi.org/10.46609/IJSSER.2023.v08i06.012. Accessed June 2023. APA 6 Jain, S. (2023, June). WHAT IS THE INFLUENCE OF INTERNATIONAL TRADE ON ECONOMIC GROWTH? : META-ANALYSIS ON THE COUNTRIES OF BRICS. Int. j. of Social Science and Economic Research, 8(6), 1363-1369. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i06.012 Chicago Jain, Sanyam. "WHAT IS THE INFLUENCE OF INTERNATIONAL TRADE ON ECONOMIC GROWTH? : META-ANALYSIS ON THE COUNTRIES OF BRICS." Int. j. of Social Science and Economic Research 8, no. 6 (June 2023), 1363-1369. Accessed June, 2023. https://doi.org/10.46609/IJSSER.2023.v08i06.012.
References [1]. Innocents EDOUN & Hews KGaphola, 2017. "The Effect of International Trade on emerging economies: The case of India," Proceedings of International Academic Conferences 5907962, International Institute of Social and Economic Sciences. [2]. Kaplinsky, R., and D. Messner (2008). ‘The Impact of the Asian Drivers on the Developing World’. World Development, 36 (2): 197-209. [3]. Yueqin, L. (2012). Can Emerging Economies Catch-up Sustainably? An Analysis of BRICS Economic Growth Pattern. China Economist, 7(1), 106. [4]. Nayyar, D. (2008) China, India, Brazil and South Africa in the World Economy: Engines of Growth?. Discussion Paper 2008/005. Helsinki: UNU-WIDER. [5]. International Monetary Fund, 2013. World Economic Outlook, October 2013, www.imf.org [6]. Aaron O'Neill ,Feb 15, 2023, https://www.statista.com/statistics/254281/gdp-of-the- bric-countries/ [7]. https://databank.worldbank.org/BRICS-COUNTRIES2/id/2577ded4 [8]. Yueqin, L., 2010. The rise of emerging powers and the BRICs’ chase to catch up, China Economist, Vol. 5, No. 2/2010 [9]. https://www.imf.org/external/np/pp/eng/2011/011211.pdf
ABSTRACT: This research paper examines how trade relations affect developing nations' economic growth. The report's introduction provides an overview of global trade and its relationship to economic growth. The theoretical frameworks employed to explain these links will be discussed, including the dependency theory, modernization theory, and the classical and neoclassical trade models. The study's focus on rising economies, such as Brazil, Russia, India, China and South is also discussed. It examines how their rapid expansion may affect developed and emerging nations positively or negatively, depending on whether it is complementary or competing. It considers the primary transmission channels while concentrating on global trade, finance, investment, and migration. The critical question is whether these five nations will be the new drivers of global economic growth in the future. The analysis demonstrates that policies that support trade openness and diversification impact economic growth. China's rapid expansion already fosters growth elsewhere, mainly serving as an export market. India and Brazil also can do the same in the future, but South Africa still needs to show this potential. These nations may offer resources for investment and productivity-enhancing technologies in the future. The transition and catching up could take fifty years or more. Nevertheless, the world's economic structure is already beginning to change due to emerging economies' rapid growth.

IJSSER is Member of