Sept 2022. Updated Merkantilism 2
The subchapter is currently updated. New interesting information was included. Go to new version of the chapter.…
Chapter represents evolution and shift of world economic powers. From the beginning of our era until the Industrial Revolution, China, and India depended mainly on rice cultivation. Industrial revolutions changed that and led to rise and dominance of Anglo-Sachsen countries globally. Scientific discoveries in Western Europe led to the Industrial Revolution, dramatically changing industrial capacity. However, it must be admitted that the correct sentence is not that China has made inroads into economic leadership in the last 50 years but that China has regained the leadership it had held until the Industrial Revolution. This paraphrase will help the reader to understand the motivation and the worldview that underpins the People’s Republic of China.
Ex. 2‑4 World GDP change
Share or comment this information on your social media:
Check Ebook
The paperback book is being prepared for publication. The electronic book will be available for purchase from September 2024.
A.1 Theories of international economics
- The origins and genesis of globalisation in different eras
- Evolutions and shift of world economic powers and trade
- Evolution of money as unit of exchange
- The first international companies
- Mobility and communication technologies as key enablers of globalisation
- Industrial revolutions
- Differences of international business in Fordism and post-Fordism
- Questions for Chapter Review
- Chapter Bibliography
About author
The author has been teaching at several universities since 2005. 40+ scientific publications, 10+ international research projects. More about author.