Overview
Global trade networks are vital for the exchange of goods and services across borders, influencing economies and cultures worldwide. They consist of various components, including trade routes, supply chains, and trade agreements, which facilitate or restrict trade. Understanding these networks helps...
Key Terms
Example: The Silk Road was a famous trade route connecting Asia and Europe.
Example: A supply chain for electronics includes raw material suppliers, manufacturers, and retailers.
Example: High tariffs on steel can protect domestic manufacturers.
Example: NAFTA is a trade agreement between the U.S., Canada, and Mexico.
Example: Countries may impose tariffs to protect local industries.
Example: A rising GDP indicates a growing economy.
Related Topics
Key Concepts
Trade RoutesSupply ChainEconomic ImpactTrade Agreements