Today, the divergence between the 'West' and the 'Rest' is visibly unravelling, as economies in Asia, Latin America and even sub-Saharan Africa converge on the rich economies of Europe and North America. This phenomenon, which is set to define the twenty-first century, both economically and...

Introduction : geographical and historical background -- The world economy at the turn of the first millennium -- World trade 1000-1500 : the economic consequences of Genghis Khan -- World Trade 1500-1650 : old world trade and new world silver -- World trade 1650-1780 : the age of mercantilism...

"For two decades, the consensus explanation of the British Industrial Revolution has placed technological change and the supply side at center stage, affording little or no role for demand or overseas trade. Recently, alternative explanations have placed an emphasis on the importance of trade...