International trade
Definition
International trade refers to the exchange of goods and services between countries across borders.
Related terms
Mercantilism: An economic system prevalent during earlier periods where nations sought to accumulate wealth through exports while limiting imports through tariffs and monopolies.
Silk Road: A historical network of trade routes connecting East Asia with Europe that facilitated cultural exchanges and commerce for centuries.
Globalization: The increasing interconnectedness among nations resulting from advances in transportation, communication, and technology which has led to increased international trade flows.
"International trade" appears in:
Practice Questions (4)
What effect may there be on world history if Japan hadn't opened up to international trade during the Meiji period?
What might have happened if China had not closed off international trade during Ming Dynasty (1368-1644)?
How could China's role in international trade alter if the Opium Wars had never occurred?
During the Second Industrial Revolution (1871-1914), which technological innovation was most influential in stimulating international trade?
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