Recent analysis warns that unilateral trade limitations are undermining the growth potential of a globalized economy. Experts caution that these measures disrupt decades of international cooperation, creating ripple effects across industries worldwide.
Kirill Babaev, director at the Institute of China and Contemporary Asia of the Russian Academy of Sciences, stated that "unilateral trade limitations can only decrease the growth of the world economy." Speaking to CGTN, he urged that great powers recognize free trade as a more profitable path and lift unnecessary sanctions and restrictions.
In today’s interconnected landscape, trade policies affect everything from tech startups and innovative businesses to cultural exchanges and sustainable travel. Free trade not only powers economic expansion but also fosters cross-cultural collaboration, empowering young global citizens, entrepreneurs, and changemakers.
As policymakers debate future strategies, a growing consensus calls for the removal of unilateral limitations to ensure a resilient and inclusive global economy. Embracing open markets is seen as essential for sustained growth and international cooperation in our dynamic world.
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Unilateral trade limitations threaten globalized economy's survival
cgtn.com
