Global trade dynamics

Definition

Global trade dynamics refers to the patterns, trends, and interactions that shape international trade between different countries and regions. It involves the flow of goods, services, and capital across borders, as well as the economic relationships and power dynamics that influence these flows.

Related terms

Mercantilism: Mercantilism is an economic theory prevalent during the Age of Exploration that promotes government control over trade to increase national wealth through exports while limiting imports.

Silk Road: The Silk Road was an ancient network of trade routes connecting Europe with Asia, facilitating cultural exchange and enabling extensive trading of goods such as silk, spices, and precious metals.

Triangular Trade: Triangular Trade was a system during the colonial era involving three continents (Europe, Africa, America) where goods such as slaves, raw materials, and manufactured products were exchanged.