Overview
International trade and technological innovation are closely linked, as trade allows countries to access new technologies and markets, while innovation drives competitiveness. Understanding this relationship is crucial for grasping how economies grow and adapt in a globalized world. Countries that e...
Key Terms
Example: Globalization has led to more international trade.
Example: NAFTA is a trade agreement between the US, Canada, and Mexico.
Example: The innovation cycle includes research, development, and commercialization.
Example: Amazon is a leading e-commerce platform.
Example: Efficient supply chain management reduces costs.
Example: Technology transfer can occur through partnerships.
Related Topics
Key Concepts
GlobalizationTrade AgreementsInnovation CycleEconomic Impact