Global Trade Patterns

Global trade patterns refer to the flow of goods and services between countries. They are shaped by factors like resource availability, technology, economic policies, and trade agreements. For example, countries rich in natural resources often export raw materials, while those with advanced manufacturing capabilities produce and export finished goods. Additionally, geographical proximity, market demand, and historical ties influence trade relationships. Understanding these patterns helps explain why certain countries thrive economically while others may struggle. Overall, they reveal how interconnected the world economy is, impacting everything from job markets to consumer prices.