Overview
Geopolitical risks in international trade are significant factors that can disrupt the flow of goods and services across borders. These risks arise from political events, conflicts, and tensions between nations, leading to uncertainties that can affect economies globally. Understanding these risks i...
Key Terms
Example: Geopolitics can influence trade routes and resource distribution.
Example: The trade war between the US and China led to increased tariffs on various goods.
Example: Economic sanctions were placed on North Korea to curb its nuclear program.
Example: Political instability in Venezuela has disrupted its oil exports.
Example: Strong diplomatic relations can lead to favorable trade agreements.
Example: Disruptions in the supply chain can lead to shortages of goods.