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Trade

  • By: Dean M. Hanink
  • In: Encyclopedia of Geography
  • Edited by: Barney Warf
  • Subject:General Geography, Earth & Environmental Science

Trade is usually defined as the exchange of goods and services among countries. That exchange is a type of spatial interaction, or movement, that has long been a fundamental component of the study of geography. The analysis of trade is often split into two basic parts. One part, largely the interest of economists, concerns the structure of trade or the selection of goods and services that a country produces for exchange with other countries. The second part concerns the pattern of trade, or the geography of the exchange of those goods and services. It is the pattern of trade that is of primary interest to geographers, who have long studied the flows between countries. In studying those flows, geographers have also considered their institutional context, ...

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