Transcontinental Trade
Transcontinental trade refers to the exchange of goods and services across different continents. This type of trade allows countries to access products that are not available locally, promoting economic growth and cultural exchange. Major trade routes, such as the Silk Road and Transatlantic Trade, have historically facilitated the movement of commodities like spices, textiles, and precious metals.
In modern times, transcontinental trade is supported by advancements in transportation and technology. Shipping containers, air freight, and digital communication have made it easier for businesses to connect globally. Organizations like the World Trade Organization help regulate and promote fair trade practices among nations.