Global Trade And Its Wider Effects
Import and Export of specific goods and products over international borders are termed as import or exports. These processes are generally involved in the business of importation and exportation of commodities between countries. The process of global trade is basically concerned with the movement of goods from one country to another country. There are three types of global trade namely importation, exportation and general trade. While each of these three may sound different, they are actually related to each other and flow in a similar direction. Global trade mainly refers to the movement of goods from one country to another country. Imports are also referred to as exports. There are two types of flows i.e. direct and indirect. Direct flow is the one that involves the goods directly coming into the hands of the consumer. Indirect flows refer to the movement of products by means of transportations like pipelines, railroads…
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