Between 650 CE and 1750 CE, commerce in the Indian Ocean was very successful and encountered many different changes and continuities. When trade routes in the Indian Ocean emerged, the seasonal and predictable monsoons timed informed traders and merchants when to travel across the ocean. The cities on the coast of the Indian Ocean greatly benefited those who lived in them due to their ability to attract traders and merchants. In addition, as time passed, European presence began to surface as cities in the Indian Ocean became monopolized by European countries such as Great Britain. As trade routes in the Indian Ocean used to import and export goods stayed the same, Indian and semi-coastal Indian cities continued attract trade throughout 650 CE and 1750 CE, but in the midst of the continuities were changes such as the increased European presence and involvement.
Italian city-states like Venice and Genoa were located on the trade routes that linked the rest of Western Europe with the East; it is therefore “no coincidence that both these city-states became active trading centres”. Trade enabled many new ideas and goods to spread throughout Europe, which subsequently led to a new kind of economy. During the Middle Ages people traded goods for other goods, but during the Renaissance people began using coins to buy goods which created a money economy. Therefore, many craftsmen, merchants, and bankers became more important in society. Craftsmen produced goods that merchants traded all over Europe.
The study of global business is relevant to any person who is in the business world, no matter the size of their organization. The first reason is that so many things are imported from other countries. Closing a deal in China will be a very different process than would be in France than it is in India. Customs of other countries need to be followed if a businessperson is to be successful worldwide. Also important to consider are the difference in shipping costs from different ports, as it will change the “landed cost” of the item, and the retail price and profit margin.
In the 1800s when tourism was restricted in Rotorua, the tourist attractions were very concentrated in the central tourism district. This was because transport was limited and therefore attractions that were far away were not accessed easily, and so not visited. However, after the improvement of transport attractions not so close to the central tourism district were able to be visited. The bid-rent curve represents how land in the central tourism district is expensive, but the further away from the CTD, the cheaper the land is to purchase. When transport was greatly improved, small businesses were able to create their own tourist attractions, further away from the CTD where the land is cheaper.
Most of the wood could be taken places by the Sahara where they couldn’t get trees to grow to build houses. Lastly, the silk road was a major part of trading because it wasn’t all about just the goods, they got a lot more other things from the different people trading with them. With the silk roads increasing, it allowed little villages to turn into bigger city/states that were mainly based on trade. They could make a lot of money from taxes by charging people that came on the roads through there city for passing. The silk roads were first mainly based off of silk coming out of China, plus gold and spices
The Portuguese and the Spanish had a great deal of knowledge about the seas. Using charts and tables they figured out their latitude accurately, this allowed for more reliable return voyages to the Atlantic islands. Cannons were key to traveling on open waters. For a ship captain without any sort of protection, the sea could be a very dangerous place riddled with pirates. But cannons also affected city-states and countries; if one wanted to have successful navy large sums of money would need to be raised causing an increase in taxes and there would be an increase in need for shipwrights.
Which of the following has played the most important role in the rise of globalization? * Transportation * Communications * Transnational Corporations (TNCs) ------------------------------------------------- In the recent years, the world has been experiencing a rise in globalization. Globalization is defined as the process by which people, their ideas and their activities in different parts of the world become interconnected or integrated. This interconnectedness between countries has risen due to the key forces which drive it forward – transportation, communications and transnational corporation. In my opinion, communications has played the most important role in the rise of globalization.
While the basic purpose of the Silk Road remained mostly the same, its’ goods and destinations went through many changes. The road started as a small transport route for Eurasian merchants, but later turned into an important economical and cultural necessity. Once Asian products, like spices and fabrics, were used by Europeans, they became dependent on them. This also occurred in Asia, and it began to shape both cultures. Also, due to the large amount of political changes that occurred during this expanse of time, the Silk Road also traveled through the new countries that began when the Roman Empire collapsed.
It didn’t help that a lot of their online competitors copied BN’s method of buying gemstones from their suppliers for specific purchases. New Entrants: This is a weak force. When looking at the high costs to enter, as well the significant brand loyalties that already exist, the competition for new entrants keeps most new entrants from being successful. Buyers: This is only a moderate force, since jewelry tends to be custom, and therefore, people expect to pay higher prices than they might for other things. Most jewelry stores’ prices aren’t greatly different from others’ and buyers have very little influence on prices due to the high cost of raw materials to make the products.
* Caravans- the wheeled vehicles allowed the merchants to travel must quicker and carry more goods to trade while going from place to place. An improvement on top of an improvement was, caravans were pulled by 5 to 12 camels; therefore, they could long journeys as well as fast. * Ships * Stirrup http://factsanddetails.com/china.php?itemid=50&catid=2&subcatid=90#06