Mercantilism: An economic theory prevalent during the early modern period that aimed for countries to maintain a favorable balance of trade by exporting more than they imported.
Silk Road: An ancient network of trade routes connecting China with various regions across Asia, Europe, and Africa. It facilitated cultural exchange and commerce but also experienced periods of trade imbalances.
Globalization: The increasing interconnectedness and interdependence among countries through the exchange of goods, ideas, information, and culture. Globalization can contribute to both balanced and imbalanced trade relationships between nations.