The Making of a Global World – Notes
World Trade Pre-modern to 18th Century
The pre-modern world was interlinked with the help of well established trade routes.
Intercultural exchange happened through the exchange of food items as well.
China and India remained important players in world trade till the eighteenth century.
With the rising importance of America, Europe emerged as the new centre of trade.
Shaping of the World Economy
In the 19th century, three flows governed the international economic exchanges. Flow of trade, flow of labour and movement of capital.