Literature Review
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determined the effects of export and import on the development and growth of the
gross domestic product of the country of Ghana,
and according to the result, the
role of export is significant and significant mentioned during the research. The cited
content shows that import does not show a significant causal relationship to the
growth process of Ghana's gross domestic product, but export has
a positive effect
on the country's products. Moreover, the relationship between the exchange rate
and GDP is studied and it is concluded that GDP acts as a Granger cause for these
macroeconomic indicators (Okyere, Isaac and Liu, 2020, p. 130-138).
According to the research of Khasanovna and Abdullaeva, one of the great benefits
of the textile sector to the state is the reduction of unemployment.
In addition to
increasing the economic and industrial potential of the country, such reforms are a
temptation to increase its international prestige. On the other hand, it is noted that
the light industry accounts for about 6% of the world's gross domestic product and
more than 14% of the people employed in the industrial complex (Khasanovna and
Abdullaeva, 2012, p. 217-222).
Figure 1:The nomenclature of textile exports
