| Article Details : |
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| | | Article Name : | | | International Trade and its Impact on Economic
Growth of Pakistan | | Author Name : | | | WAJEEH ULLAH
| | Publisher : | | | Bridge Center | | Article URL : |  | | | Abstract : | | | This paper is a theoretical approach frame work which
investigates the impact of international trade on economic growth of
Pakistan. Generally, this study targeted the economic growth and
specifically standard of life of people in Pakistan. Economic growth is
a comprehensive terminology where standard of life is a segment of
growth therefore in this paper we focused standard of life of people. On
another side, this study shows the importance of trade for Pakistan.
We also tried to show a comparison of developed and developing
economies in term of standard life of general public. After a long
review of literature and economic theories we found that those
countries which involve in international trade (open Economies) their
standard life of people are higher than those countries which not
involve in international trade (closed Economies). Trade further
bringing investment to country, creates opportunities for employment
because of which national income goes up and finally purchasing
power of the people increases and a result standard life of people
improving. This study suggests the developing economies like
Pakistan, to enhance trade capacity for the social development of
general public.
| | Keywords : | | | International trade, Economic growth, standard of life,
Employment, Income |
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