This section presents evolution of mobility and communication technologies as key enablers of globalisation. The first ships humans used to reach other continents were sailing vessels, with captains adjusting the sailing direction to the prevailing wind and water currents. There was no technical possibility of sailing upstream and downwind. Thus, the prevailing winds and currents determined the first trade flows between maritime nations. Early European maritime expeditions in the late 15th and early 16th centuries were dominated by Portugal and Spain using caravels. Christopher Columbus was trying to find a western route to Asia. In 1492, he sailed to the Americas (Bahamas, Cuba, and Hispaniola) with his ships, but thought he had reached India. Instead, Christopher Columbus was brought to the shores of the Americas by the prevailing winds and currents in the North Atlantic.
Ex. 2‑10 The currents and winds that shaped humankind’s discoveries and the first international trade links
Keywords: winds, maritime shipping
Ex. 2‑11 The caravel
Keywords: early shipping, wind energy
Ex. 2‑12 Europeans’ first voyages in the 15th and 16th centuries
Keywords: voyages, discovery of Americas
Ex. 2‑13 Clipper sailing vessels increased the speed of international services
Keywords: clipper, transatlantic connection
Ex. 2‑14 The role of the Suez and Panama canals in increasing shipping speeds
Keywords: Suez canal, Panama canal, maritime shipping
Ex. 2‑15 Railway rapid development in Europe and North America
Keywords: railways, Europe, North America
Ex. 2‑16 The duration of different transport means on transatlantic crossings
Keywords: transport means, jet plane, supersonic jet, ship
Ex. 2‑17 The global trans-oceanic cable network
Keywords: transatlantic cable, internet
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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
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