Global Trade

Definition

Global trade refers to the exchange of goods, services, and capital across international borders or territories. It allows countries to expand markets for both goods and services that otherwise may not have been available domestically.

Related terms

International Economics: The study of how nations interact through trade of goods and services, flows of money, and investments.

Trade Barriers: Measures that governments or public authorities introduce to make imported goods or services less competitive than locally produced goods and services.

Free Trade: An economic policy that allows businesses in different countries to trade without government interference.