The term "international markets" refers to financial markets that involve transactions or investments between two or more countries. These markets can include foreign exchange markets, international stock exchanges, and global bond markets, among others. In these markets, businesses, institutions, and individuals can buy, sell, and trade various financial instruments such as currencies, securities, and derivatives to manage their risk or take advantage of investment opportunities in different countries. International markets are important for economic growth and development because they facilitate the flow of capital, goods, and services across borders, promoting global trade and investment.