The global trade pattern refers to the flow and exchange of goods, services, and resources between countries and regions on a global scale. It encompasses the routes, networks, and systems established for international trade.
Related terms
Mercantilism: An economic policy during which nations sought to increase their wealth and power by exporting more goods than they imported.
Silk Road: An ancient network of trade routes that connected East Asia with Europe, Africa, and the Middle East.
Triangular Trade: A system of transatlantic trade in the 16th-18th centuries involving Europe, Africa, and the Americas.