global trade
Worldwide buying selling
Global trade is the exchange of goods and services across national borders.
Countries export what they produce efficiently and import what they don't: Global trade has made electronics cheaper worldwide.
The term encompasses everything from container shipping to international finance, and appears frequently in discussions of economic policy, tariffs, and supply chains.
- tariffsTaxes on imports
- outsourcingThird-party task delegation
- sweatshop laborExploitative factory work
- marketVenue for trade
- raw materialsUnprocessed production inputs
shipping lanes · cargo ship · shipping container · emerging markets · comparative advantage · multinational corporations · currency exchange · ethical sourcing · consumer goods · quotas · deficits · treaties · ports · port of entry · embargo · sanctions · containers · warehouses
- globalworldwide, global, international, universal, planetary
- global tradeexport tax, exports, import tax, imports, export
- tradecustoms, commerce, export, exports, quotas
- global commercecommerce, foreign markets, export controls, customs duties, exchange rates
- economic historystock market crash, Industrial Revolution, Great Depression, gold standard, Silk Road
- Global Economicseconomic development, economic growth, economic policy, economic unions, GDP
global tradedomestic trade
Commerce within national boundaries
local commerce · domestic markets · regional trade · local markets · village markets
global tradeprotectionism
Shielding local producers
trade barriers · economic isolation · trade embargo · tariff walls · economic blockade
global tradeautarky
Complete economic independence
isolationism · import substitution · economic nationalism · economic independence · localism