Chapter 14

The world economy goes back further than our modern world today. Economic globalization is similar both now and roughly the early 1700's. World trades of spices, gold, silver, textiles, coffee, chocolate, and sugar are some of the things that were traded globally. By the 18th century, the trades touched so many places as items from global commerce made their ways to countries far and wide. Things such as Indian rugs, china eating dishes, and Mexican chocolate were in places far from their origin. This created a highly competitive market. In today's world, modern economic globalization picked up in the year 2000 when goods shipped out quickly and vastly across the world. Today, China continues to be a key player in the world of economy and global commerce.

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