TradeTrade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services, i.e. trading things without the use of money. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning.
Global studiesGlobal studies (GS) or global affaires (GA) is the interdisciplinary study of global macro-processes. Predominant subjects are political science in the form of global politics, as well as economics, law, the sociology of law, ecology, environmental studies, geography, sociology, culture, anthropology and ethnography. It distinguishes itself from the related discipline of international relations by its comparatively lesser focus on the nation state as a fundamental analytical unit, instead focusing on the broader issues relating to cultural and economic globalisation, global power structures, as well of the effect of humans on the global environment.
GlobalizationGlobalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. The term globalization first appeared in the early 20th century (supplanting an earlier French term mondialization), developed its current meaning some time in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post-Cold War world.
EmpireAn empire is a political unit made up of several territories and peoples, "usually created by conquest, and divided between a dominant center and subordinate peripheries". The center of the empire (sometimes referred to as the metropole) exercises political control over the peripheries. Within an empire, different populations have different sets of rights and are governed differently.
Global citizenshipGlobal citizenship is the idea that one's identity transcends geography or political borders and that responsibilities or rights are derived from membership in a broader class: "humanity". This does not mean that such a person denounces or waives their nationality or other, more local identities, but that such identities are given "second place" to their membership in a global community. Extended, the idea leads to questions about the state of global society in the age of globalization.
Trade agreementA trade agreement (also known as trade pact) is a wide-ranging taxes, tariff and trade treaty that often includes investment guarantees. It exists when two or more countries agree on terms that help them trade with each other. The most common trade agreements are of the preferential and free trade types, which are concluded in order to reduce (or eliminate) tariffs, quotas and other trade restrictions on items traded between the signatories.
GoodsIn economics, goods are items that satisfy human wants and provide utility, for example, to a consumer making a purchase of a satisfying product. A common distinction is made between goods which are transferable, and services, which are not transferable. A good is an "economic good" if it is useful to people but scarce in relation to its demand so that human effort is required to obtain it. In contrast, free goods, such as air, are naturally in abundant supply and need no conscious effort to obtain them.
Historical materialismHistorical materialism is Karl Marx's theory of history. Marx locates historical change in the rise of class societies and the way humans labor together to make their livelihoods. For Marx and his lifetime collaborator, Friedrich Engels, the ultimate cause and moving power of historical events are to be found in the economic development of society and the social and political upheavals wrought by changes to the mode of production. It provides a challenge to the view that historical processes have come to a close and that capitalism is the end of history.
TerritoryA territory is an area of land, sea, or space, belonging or connected to a particular country, person, or animal. In international politics, a territory is usually a geographic area which has not been granted the powers of self-government, i.e. an area that is under the jurisdiction of a sovereign state. As a subdivision, a territory in most countries is an organized division of an area that is controlled by a country but is not formally developed into, or incorporated into, a political unit of that country, which political units are of equal status to one another and are often referred to by words such as "provinces", "regions", or "states".
International tradeInternational trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. (see: World economy) In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, scramble for Africa, Atlantic slave trade, salt roads), its economic, social, and political importance has been on the rise in recent centuries.
Trade blocA trade bloc is a type of intergovernmental agreement, often part of a regional intergovernmental organization, where barriers to trade (tariffs and others) are reduced or eliminated among the participating states. Trade blocs can be stand-alone agreements between several states (such as the USMCA) or part of a regional organization (such as the European Union). Depending on the level of economic integration, trade blocs can be classified as preferential trading areas, free-trade areas, customs unions, common markets, or economic and monetary unions.
Trans-Saharan tradeTrans-Saharan trade requires travel across the Sahara between West, Central, Eastern and Northern Africa. While existing from prehistoric times, the peak of trade extended from the 8th century until the early 17th century. The Sahara once had a very different environment. In Libya and Algeria, from at least 7000 BC, there was pastoralism, the herding of sheep, goats, large settlements, and pottery. Cattle were introduced to the Central Sahara (Ahaggar) from 4000 to 3500 BC.
Colonial empireA colonial empire is a collective of territories (often called colonies), either contiguous with the imperial center or located overseas, settled by the population of a certain state and governed by that state. Before the expansion of early modern European powers, other empires had conquered and colonized territories, such as the Roman Empire in Iberia, or the Chinese in what is now South China. Modern colonial empires first emerged with a race of exploration between the then most advanced European maritime powers, Portugal and Spain, during the 15th century.
Territories of the United StatesTerritories of the United States are sub-national administrative divisions overseen by the federal government of the United States. The various American territories differ from the U.S. states and Indian reservations as they are not sovereign entities. In contrast, each state has a sovereignty separate from that of the federal government and each federally recognized Native American tribe possesses limited tribal sovereignty as a "dependent sovereign nation.
British Overseas TerritoriesThe British Overseas Territories (BOTs), also known as the United Kingdom Overseas Territories (UKOTs), are fourteen territories with a constitutional and historical link with the United Kingdom, but do not form part of the United Kingdom itself. The permanently inhabited territories are internally self-governing, with the United Kingdom retaining responsibility for defence and foreign relations. All of the territories are inhabited by civilians, except three which are chiefly or only inhabited by military or scientific personnel.
