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The Global Trade-Sustainability Nexus: The Evolution of Sustainable Trade Index in the Period 2022-2024

Author

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  • Sorin-George Toma

    (University of Bucharest, Faculty of Business and Administration, Romania)

Abstract

Since its beginnings, trade has constituted an important economic activity, serving as a strong engine of change all over the world. Today’s scale of global trade is unprecedented in economic history. As more and more countries, low-, middle-income and rich, have designed and implemented ambitious policies to promote sustainability in accordance with the United Nations Sustainable Development Goals, global trade should find solutions to these imbalances and adapt to these policies. The paper aims to briefly define the concept of sustainable trade and to expose the relationship between global trade and sustainability through the analysis of the evolution of the Sustainable Trade Index in the period 2022-2024. In order to accomplish the objectives of the paper, the author employed a qualitative scientific research method. The study enlarges the scientific literature related to the global trade-sustainability complex nexus and shows the increasing importance of sustainable trade at a global level.

Suggested Citation

  • Sorin-George Toma, 2024. "The Global Trade-Sustainability Nexus: The Evolution of Sustainable Trade Index in the Period 2022-2024," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 92-98, December.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:92-98
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    More about this item

    Keywords

    global trade; trade; sustainability; Sustainable Trade Index; Sustainable Development Goals;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F19 - International Economics - - Trade - - - Other

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