Trade Liberalization, Export Diversification, and Economic Performance in Emerging Markets
Keywords:
Trade liberalization, export diversification, emerging marketsAbstract
Trade liberalization and export diversification are widely regarded as catalysts for economic performance in emerging markets. This study investigates the effects of trade openness and diversification of export structures on GDP per capita growth and macroeconomic stability in emerging economies. Using panel data from 2016–2023 for 22 emerging market countries, the analysis reveals that higher trade openness coupled with diversified export portfolios correlates with stronger economic performance, reduced output volatility, and improved resilience to external shocks. These findings offer policy insights for trade and industrial strategies aimed at sustainable growth.
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