International Trade

Every nation in the world participates in international trade to some

extent. And practically every product is either traded or relies on

components from international suppliers. Trade is not just about

physical goods, though. Knowledge and experience can be bought

and sold internationally as well. So too can the many services we rely

on each day. The world’s richest countries still dominate international

trade, but their position is being challenged by emerging economies

in what is still referred to as the “developing world”.