---
title: Global Trade
description: This topic explores the economic theories, policies, and agreements that govern the exchange of goods and services internationally. Learners will understand the roles of trade organizations, tariffs, trade barriers, and geopolitical factors in international commerce.
category: business-entrepreneurship
subcategory: international-business
difficulty: beginner, intermediate, advanced
url: /subject/global-trade
---

# Global Trade

This topic explores the economic theories, policies, and agreements that govern the exchange of goods and services internationally. Learners will understand the roles of trade organizations, tariffs, trade barriers, and geopolitical factors in international commerce.

## Available Resources

3 Books • 4 Websites • 1 Papers

## Websites

### 1. World Bank WITS

The World Bank's free portal for merchandise trade, tariff and non-tariff measure data, drawing on UN Comtrade, UNCTAD TRAINS and WTO sources. Lets you query bilateral flows by product code, compare tariff schedules, and build country trade profiles.

**Difficulty:** Beginner | **Price:** Free

**Link:** https://wits.worldbank.org/

**Tags:** trade-data, tariffs, international-trade, trade-statistics, world-bank

### 2. Trade Map

International Trade Centre database of export and import statistics by country and HS product code, with monthly, quarterly and annual series. Used to identify a product's main markets, competing suppliers, growth trends and the tariffs a shipment would face.

**Difficulty:** Beginner | **Price:** Free

**Link:** https://www.trademap.org/

**Tags:** trade-data, export-markets, market-analysis, trade-statistics, hs-codes

### 3. globaledge.msu.edu

GlobalEDGE, a resource from Michigan State University, is a comprehensive portal for international business research. It provides country insights, industry data, trade statistics, and market research to help users analyze markets and understand global business dynamics.

**Difficulty:** Intermediate | **Language:** English | **Price:** Free

**Link:** https://globaledge.msu.edu

**Tags:** websites, business-entrepreneurship, international-business

### 4. trade.gov

Trade.gov (U.S. International Trade Administration) helps American businesses grow global sales with export assistance, market research, and trade data. It features country guides, market insights, policy updates, and resources for exporting, investing, and participating in trade events.

**Difficulty:** Intermediate | **Language:** English | **Price:** Free

**Link:** https://trade.gov

**Tags:** websites, business-entrepreneurship, international-business

## Papers

### 1. TFG/ITFA Trade Finance Guide

**Author:** Trade Finance Global / ITFA

A free PDF walking through the main trade finance instruments — letters of credit, documentary collections, supply chain finance, factoring, forfaiting, and export credit — with diagrams of how each transaction settles and where the risk sits between buyer and seller.

**Difficulty:** Beginner | **Language:** English | **Price:** Free

**Link:** https://www.tradefinanceglobal.com/wp-content/uploads/2020/09/Trade-Finance-Guide_FINAL.pdf

**Tags:** trade-finance, letters-of-credit, forfaiting, export-finance, supply-chain-finance

## Books

### 1. International Trade: Theory and Policy

**Author:** Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

Standard undergraduate textbook (10th edition, Pearson) covering Ricardian, specific-factors, Heckscher-Ohlin and new trade models, then tariffs, quotas, trade agreements and industrial policy. Prepares readers to analyze who gains and loses from trade and from trade policy.

**Difficulty:** Intermediate | **Language:** English | **Price:** Paid

**Link:** https://www.amazon.com/dp/0133423670?tag=edmonddante07-20

**Tags:** international-trade, trade-theory, trade-policy, comparative-advantage, tariffs, economics-textbook

### 2. Global Trade and Conflicting National Interests

**Author:** Ralph E. Gomory, William J. Baumol

MIT Press monograph from the Lionel Robbins Lectures that extends classical trade models to industries with scale economies. Shows formally why one country's productivity gains can reduce a trading partner's welfare, and why industrial competitiveness can matter to national interest.

**Difficulty:** Intermediate | **Language:** English | **Price:** Paid

**Link:** https://www.amazon.com/dp/0262072092?tag=edmonddante07-20

**Tags:** international-trade, trade-theory, economies-of-scale, industrial-policy, comparative-advantage

### 3. The World Trading System

**Author:** John H. Jackson

Second edition (MIT Press, 1997) of the leading legal treatment of the GATT and WTO by a founder of international economic law, updated for the Uruguay Round. Explains how trade rules, dispute settlement, safeguards and national implementation interact in practice.

**Difficulty:** Intermediate | **Language:** English | **Price:** Paid

**Link:** https://www.amazon.com/dp/0262600277?tag=edmonddante07-20

**Tags:** international-trade-law, wto, gatt, trade-policy, dispute-settlement

---

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