global trade
/ˈɡloʊ.bəl ˈtreɪd/ · glob·al trade
noun
- The exchange of goods, services, and ideas across national borders, facilitated by international trade agreements and global economic systems. The country's global trade deficit has been a concern for policymakers.
noun
- The practice of conducting business operations on a global scale, often involving multinational corporations and international supply chains. The company's global trade strategy has helped it expand its market share.
noun
- The movement of goods, services, and ideas across different regions and cultures, often facilitated by globalization and technological advancements. The global trade of ideas has led to the exchange of cultural practices and innovations.
Did you know? The concept of global trade has been around for centuries, with ancient civilizations such as the Phoenicians and the Romans engaging in extensive trade networks across the Mediterranean region.