Assessing the Impact of Fiscal and Tariff Policies on Economic Growth in Emerging Economies

Abstract

This article examines the impact of fiscal and tariff policies on the economic growth of emerging economies, a group of countries that play an increasingly important role in the global economy. Through an analysis of empirical data and recent literature reviews, this study assesses how changes in taxes, subsidies, and tariffs affect key variables of economic growth, such as investment, consumption, and international trade. The relationship between expansionary or contractionary fiscal policy and trade liberalization in contexts of economic instability is also analyzed, with a focus on countries in Latin America and Asia. The findings suggest that properly managed fiscal and tariff policies can boost growth, while ill-advised policy decisions can have adverse effects on economic stability and development.