Explore the World Trade Organization (WTO), its role in global trade, its history stemming from GATT, and its impact on international trading policies.
Explore the origins, objectives, and impact of the Group of 11 (G-11), a collective of developing countries focused on economic development through debt relief and improved trade terms.
Dive into the role of mediums of exchange in modern economies, exploring their features, stability, and impact on trade. Learn how money acts as the primary intermediary for buying and selling goods.
Delve into the world of commerce, exploring its definition, key differences from business and trade, historical context, and modern implications in global economics.
Discover what 'commercial' means in various contexts including commercial trading, advertising, and the distinction between commercial and non-commercial activities.
Explore the concept of specialization, its benefits for individual businesses, and its role in fostering global trade. Learn how focusing on specific goods can lead to greater efficiency.
Explore what a maquiladora is, its economic significance, and operational benefits along the U.S.-Mexico border. Learn about their role in global manufacturing.
Explore the age-old practice of bartering, where goods and services are exchanged without cash, and discover its relevance and benefits in today's economy.
Explore the significance of Brexit, the United Kingdom's historical decision to leave the European Union, and its ramifications on global trade and economy.
Explore the principles of Mercantilism, a predominant economic system from the 16th to the 18th century, focusing on its goals, strategies, and historical context.