Global trade networks refer to the interconnected system of economic transactions and relationships between countries around the world, involving the exchange of goods, services, and capital across national borders.
Related terms
Import: The term import refers to bringing goods or services into one country from another.
Export: Exporting means sending goods or services from one country to another for sale or exchange.
Tariff: A tariff is a tax imposed on imported or exported goods by the government in order to protect domestic industries or regulate trade with foreign nations.