![]() CATEGORIES: BiologyChemistryConstructionCultureEcologyEconomyElectronicsFinanceGeographyHistoryInformaticsLawMathematicsMechanicsMedicineOtherPedagogyPhilosophyPhysicsPolicyPsychologySociologySportTourism |
The International EconomyTrade in history Technological progress is the primary driver behind the growth of international trade. Every acceleration of man’s ability to utilise Nature’s resources is matched by the spread of geographical reach of commercial relations and the appearance of new forms of cooperation. Ancient Greece, Rome, etc., and the Middle Ages – Trans-European trade in certain items [salt, wood, tar, etc] was already INTERnational by the 10th century AD.: Next development stage was tied in with the wave of geographical discoveries: International trade was limited by the technological ability to transport goods over long distances. Technological Revolution The inventions of the time resulted in a qualitative and quantitative explosion of trade. Which?? Steam resulted in: The Revolution increased the division of labour. Structure of production began to change. The International Economy By the mid-19th century the process begun in England that had been spreading for decades across the world covered Europe, America and overseas countries. The international economy was formed. The system existed until WW1. After WW2, inter-national trade accelerated. Date: 2015-01-29; view: 1042
|