Trade Agreements: Formal agreements between countries aimed at reducing barriers (such as tariffs) on imports/exports which promote more fluid exchange of goods/services between interconnected economies.
Multinational Corporations: Large companies that operate in multiple countries, taking advantage of interconnected economies to expand their reach and maximize profits.
Supply Chain: The sequence of processes involved in producing and distributing goods or services, often spanning multiple countries. It showcases how different parts of the world contribute to a product's creation and distribution.