Research on the Impact of International Trade on Human Development of Ghana
Trade and globalization are vital means of economic development for any country, and they have played a major part in Ghana's and the African continent's development (World Bank 2015). However, simple trade openness does not guarantee a country's human development. Even a substantially enhanced and liberalized total trade cannot guarantee economic growth, and the positive impact of trade on growth is strongly reliant on the economic structure, institutions, and other social elements of a country. Economic growth, on the other hand, is a necessary but insufficient prerequisite for human progress. Instead of producing jobs, poverty reduction, participatory, culturally protected, and eco-friendly growth, it might be unemployed, cruel, voiceless, rootless, and futureless. This type of expansion is harmful to human development (Akmal et al. 2007). The motivation for evaluating the triangulation of trade, economic growth, and human development is the contribution of trade liberalization to economic growth and the contribution of economic growth to human development, with the study focusing on the trade-human development relationship as the third side of the triangle. Furthermore, the impact of international trade on human development in Ghana will be investigated in this study.
Copyright© 2021 The Author(s). This article is distributed under the terms of the license CC-BY 4.0., which permits any further distribution in any medium, provided the original work is properly cited.
Adu Gyabaah, J., & Xin, W. (2021). Research on the Impact of International Trade on Human Development of Ghana. Journal of Applied Economic Sciences, Volume XVI, Fall, 3(73), 270– 279. https://doi.org/10.57017/jaes.v16.3(73).03
Article’s history:
Received 20th of August, 2021; Received in revised form 18th of September, 2021; Accepted 4th of October, 2021; Published 15th of October, 2021.
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