Global trade refers to economic transactions involving goods (products) or services conducted between countries around the world. It involves the exchange of goods across different regions.
Related terms
Mercantilism: An economic system adopted by European powers that sought to increase their wealth and power through favorable balances of trade.
Triangular Trade: A historical pattern of trade between Europe, Africa, and the Americas involving the exchange of goods, enslaved people, and resources.
Silk Road: An ancient network of trade routes connecting East Asia with Europe and North Africa, facilitating cultural exchange and commerce.