International trade

International trade is the exchange of goods and services across international boundaries. In most countries, it represents a significant share of GDP. While international trade has been present throughout much of history (see Silk Road, Amber Road), its economic, social, and political importance have been on the rise in recent centuries, mainly because of industrialization, advanced transportation, globalization, multinational corporations, and outsourcing. In fact, it is probably the increasing prevalence of international trade that is usually meant by the term "globalization".

Related Topics:
GDP - Silk Road - Amber Road - Industrialization - Transportation - Globalization - Multinational corporations - Outsourcing

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International trade is also a branch of economics, which, together with international finance, forms the larger branch of international economics.

Related Topics:
Economics - International finance - International economics

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