International trade

International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has been present throughout much of history (see Silk Road, Amber Road), its economic, social, and political importance has been on the rise in recent centuries. Industrialization, advanced transportation, globalizati... More

Award-Winning Work

Awards Won:

Year Award Award Winner
  • 1977

Nobel Prize in Economics Winners

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