EFFECTS OF TRADE ON ECONOMIC GROWTH IN NIGERIA

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ABSTRACT

Trade plays a vital role in driving economic growth by facilitating the exchange of goods, services, and ideas between countries .Increased trade can lead to increased efficiency and productivity, as firms are able to access a wider range of inputs and market, which can drive economic growth. Trade can also lead to increased competitiveness and a more diversified economy, which can further contribute to economic growth. However, it is important to note that the relationship between trade and economic growth is complex, and there are many other factors that can impact economic growth, such as infrastructure, education, and political stability. Trade can also have negative effects on economic growth, particularly if it leads to the displacement of domestic industries and job losses. Therefore, it is important to carefully consider the potential costs and benefits of trade policies and implement strategies to mitigate any negative impacts.

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