Transcription of HISTORY OF GLOBAL ECONOMY
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HISTORY OF GLOBAL ECONOMY
Page 1 of 1 HISTORY OF GLOBAL ECONOMY We begin our discussion of the HISTORY of the GLOBAL ECONOMY with the following question. What has led to such strong differences across regions of the world? The quick and dirty answer is simply that the "West" developed first. Birth of Capitalism1 One can find examples of sustained economic growth throughout HISTORY , for example in the woolen industry in 13th century Flanders, and in 14th century Florence. Starting with the 11th century long distance trading flourished connecting thriving pockets of growth, between Venice and the Netherlands.
The opportunities and challenges of sending a vessel abroad for years at ... Capitalism as an economic system spread beyond Europe, mainly to North ... in Africa, the Indian Subcontinent, East Asia, and in Latin America the indigenous peoples were relatively numerous. Being greatly outnumbered, the ...
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