The fact that Wal-Mart is a company not even a country; and is China’s eighth largest trading partner; just makes us realize how much economic growth depends on businesses to produce more goods and services faster and more efficiently. According to many economists, continuous economic growth leads to greater prosperity for everyone, but because so many countries are trying to achieve the same exact thing, competition is harsh. These are some positive and negative perspectives that are caused by international trade. As you can see, the relationship between the three sources is that they are all based on trade. All around the world, different countries import and export goods to each other so they can benefit themselves with economic growth.
Silver Trade DBQ The abundance of silver in Europe and the Americas had a great impact on the Chinese economy as the demand for silver by the Japanese and Chinese greatly increased to match the supply during the mid-sixteenth to the early eighteenth centuries. Based on the Documents, Spain had much to gain economically by selling their abundance of silver to the Ming Chinese and Japanese while the Chinese and Japanese economies suffered due to the deflation of silver in their own regions. These fast economic changes caused drastic change socially by changing the standard of living as well as the mindsets of the people toward the silver trade, such as the issue of slavery, reflecting on their government. All the while other European countries such as Britain and the Portuguese were able to take advantage of the supply and demand of silver to make money as middlemen. The Spanish were able to mine the silver with some economic benefit quickly turning into negative inflation, and the British were able to buy from the Spanish and Japanese and sell to the Chinese as middlemen.
Hong Kong became an international city that can handle a large number of capital and goods from all over the world. The Special Economic Zones like Shenzhen, have the convenience access to Hong Kong, therefore, they are developing a better economic market than inner periphery. These are the preconditions make the economic development of China’s inner periphery left behind. Chinese interior periphery development is left behind, which is because some obstacles
Through research it is noticeable that the Jews had important contributions in the Silk Road in many areas such as the business activities, and also spread the Jewish religion and culture throughout the areas involved. When researching many of the sources and materials point the Chinese as the key influence of the Silk Road, and this can be argued because it was named after the silk coming out of china which was extremely profitable, and desired. Through research it was also pointed out specifically in Trudy Ring, Robert M. Salkin, Noelle Watson, Sharon La Boda, & Paul Schellinger who showed that while it was the Chinese merchants that carry silk and other items from the east, “they sold or bartered their goods to the Asian middlemen who in turn traded the merchandise to Persians, Syrians, and Jewish merchants” which then sold the good throughout the Roman Empire. This is the
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.
As shown by Documents 1,4,5 and 6, many different products and ideas were spread because of trade. In Document 1, the Mediterranean trade map in the document shows major products like gold and wine being traded between Greek and Phoenician colonies. Document 4 shows that as the supplies of goods increased in Europe, trade also began to increase, and towns would hold fairs every year for the trading of these goods. Then, as trade increased, new methods of using cash and loans were developed. Banks that practiced these new methods were established by Christians as a part of the Commercial Revolution, which eventually spread through all of the Christian states.
First, to encourage global marketing, many countries have free their trading acts and encourage foreign companies to invest in. For example, India signed Regional and Bilateral Trade Agreements which attract investments from East Asian countries and the United States (Gupta & Mitra 1). Therefore, Keurig will have lower political risk to go international. Political risk refers to government interference in the business affairs of foreign persons or companies doing business in a particular country (Chang 1). Second, international markets have more potential consumers.
Wealth was gained from the Mediterranean trade, Silk Road, manufactured goods, and the colonization of land benefitted the empires greatly. The wealth helped establish cities and capitals, promoting economic and social change, and it was also distributed through the elites down to the other classes. The elites in the Han were able to afford silk garments, eat pork, drink aged wine, and buy more land from the poor. Also due to the wealth of expanding of the iron and silk industries, they were able to invent paper, which enable Chinese scribes to write more, and were less expansive than silk. The distinction the rich and poor hardened as the economy went up.
The Europeans asserted their dominance over these less-developed areas for economic reasons, but also to spread European customs and heighten the sense of pride they had in their nation. Therefore there were a number of economic, political, and social reasons that caused the start of new imperialism in the late nineteenth and twentieth centuries. New imperialism in Africa and the Middle East was mainly driven by economic forces. After the Industrial Revolution nations were taking raw materials and producing them into finished goods at a much faster rate. Since they were making finished goods more quickly, the demand for raw materials in factories rose, which led to the colonization of less-developed areas (Document 1).
The main issue for and against the restriction of the sale of gin during the 18th century in England were economical issues, rather moral and health issues because the peoples nature to make profits. In 18th century England, there was numerous economics concerns against the restriction of the sale of gin, but there were also very few for the restriction of gin. Some would have a non bias view and both views on the restriction of gin. The graph portrays the change in Beer and Gin production in the 18th century, with the sale of beer steady in history while the sales of gin increased dramatically. (Doc.1) If gin were to be restricted, the sale, production, and profit of beer would greatly increase.