Global Trade Dynamics

Definition

Global trade dynamics refer to the patterns and changes in international trade relationships between countries. It includes factors such as imports, exports, tariffs, quotas, and economic policies that influence the flow of goods and services across borders.

Related terms

Balance of Trade: The difference between a country's exports and imports.

Trade Agreements: Formal agreements between two or more countries that aim to reduce barriers to trade.

Protectionism: Policies implemented by governments to protect domestic industries from foreign competition through measures like tariffs or subsidies.