International Economic Relations

The WTO is an intergovernmental organization that regulates international trade. Its main objective is to promote free trade, regulate international trade, and resolve trade disputes.

China is the largest exporter of goods in the world, accounting for about 14% of global exports in 2020.

The United States is the largest importer of goods in the world, accounting for about 13% of global imports in 2020.

International trade, global trade, and world trade are all terms used to describe the movement of goods and services across international borders.

International capital flows, global capital flows, and world capital flows are all terms used to describe the movement of capital across international borders.

International migration, global migration, and world migration are all terms used to describe the movement of people across international borders.

International technology transfer, global technology transfer, and world technology transfer are all terms used to describe the movement of technology across international borders.

International knowledge transfer, global knowledge transfer, and world knowledge transfer are all terms used to describe the movement of ideas across international borders.

International cultural exchange, global cultural exchange, and world cultural exchange are all terms used to describe the movement of culture across international borders.

International labor migration, global labor migration, and world labor migration are all terms used to describe the movement of people across international borders for the purpose of work.

International educational migration, global educational migration, and world educational migration are all terms used to describe the movement of people across international borders for the purpose of education.

International tourism, global tourism, and world tourism are all terms used to describe the movement of people across international borders for the purpose of tourism.

International refugee migration, global refugee migration, and world refugee migration are all terms used to describe the movement of people across international borders for the purpose of seeking asylum.

International permanent migration, global permanent migration, and world permanent migration are all terms used to describe the movement of people across international borders for the purpose of settling permanently.