Questions for Chapter A2 Review

1. Which European states were actively involved in colonizing other continents in the 15th century? What common features do these countries have in common?
2. What were the first vehicles for transporting goods before our era?
3. What were the driving forces behind imperialism? How was imperialism associated with mercantilism?
4. What limited the emergence of global trade in the times of Ancient Egypt, Ancient Greece, and the Roman Empire?
5. Which countries produced the most gross domestic product at the beginning of our era? What factors led to this?
6. How did the balance of economic power change in the world at the beginning of the nineteenth century when assessing the distribution of GDP?
7. What led to the fact that only a few countries began to create the most GDP in the 19th and 20th centuries? What countries are these?
8. Why did the colonization processes and the discovery of America in the 15th century not make significant changes in the GDP of the colonizing countries?
9. How did the discoveries of the 15th century differ from the discoveries of the early 19th century? What influences have they had on the globalization of business?
10. Why can China’s growth in the last decades of the 20th century and the 21st century be called economic revanchism?
11. What factors led to China’s economic growth in the last decades of the 20th century and the 21st century?
12. How can exchange rates be used to make a country attractive to foreign investors? Give historical examples.
13. What was used in trade before the appearance of state-issued official money?
14. Explain the importance of the discovery of silver and gold deposits for money?
15. What parallels can be found between coins, gold and cryptocurrencies?
16. What importance has electronic money made in international trade transactions?
17. In which year were the first international companies founded? What companies were they?
18. Explain the synergy between the state and private business in creating the first international companies?
19. What was the scale of the first international companies? In which countries did they operate, and approximately how many employees did they have?
20. What goods did the first international companies trade?
21. What is the difference between the economic behavior of the British and the Dutch and the Spanish towards the colonized lands in the XV-XVIII centuries? How did this lead to the economic structure and centers of financial power in the world today?
22. What role did the prevailing winds and currents play in the oceans?
23. Compare Caravels, Clippers and Steamships? How have these ship technologies affected international business?
24. Compare shipping before and after the development of containers? What is the significance of a container for international business?
25. Explain what communication technologies and how they contributed to the development of international business? When did this happen?
26. What and when were the industrial revolutions? How did each revolution contribute to the globalization of business?
27. Explain what are the essential differences between Fordist and Post-Fordist business?
28. How has globalization changed the value of production?
29. What conditions made it possible for European and US companies to move their production to Asia?
30. In which continents is the largest production capacity concentrated? Why?
31. Which activities create the greatest product value?

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