Global Trade explores the intricate web of international trade, revealing how it underpins the modern world economy. From the evolution of trade networks like the Silk Road to today's sophisticated supply chains, the book traces how trade agreements and shipping logistics shape societies and international relations. Readers will gain insights into the fundamental principles driving global trade, such as comparative advantage, and how technological advancements like containerization have revolutionized the movement of goods. The book examines the practical aspects of global trade, analyzing its impact on labor markets and environmental conditions. It delves into the challenges posed by protectionism and geopolitical tensions, offering a balanced perspective on the benefits and drawbacks of globalization. By connecting history, economics, and political science, Global Trade provides a framework for understanding current events and debates surrounding trade deficits and tariff wars.
Structured in three parts, the book first introduces the foundational principles of international trade theory. It then examines the practical aspects of global trade, including shipping and supply chain management, before assessing the current state of global trade and its future, considering technological innovation and climate change. This approach equips students, policymakers, and business professionals with the analytical tools needed to navigate the complexities of the 21st-century economy.
