Access to Foreign Resources

Definition

This term refers to a country's ability or opportunity to utilize resources (like raw materials, labor force) from other countries through trade agreements, colonization or globalization.

Related terms

Globalization: The process by which businesses or other organizations develop international influence or start operating on an international scale.

Colonialism: A system where one country rules over another area/country establishing control over its people and exploiting its resources.

Trade Agreements: These are treaties between two or more nations agreeing on terms of trade between them.