Origins and Growth of the Global Economy: From the Fifteenth Century Onward

Origins and Growth of the Global Economy: From the Fifteenth Century Onward

Origins and Growth of the Global Economy: From the Fifteenth Century Onward

Origins and Growth of the Global Economy: From the Fifteenth Century Onward

Synopsis

The global market of the 21st century came into existence to produce products and services for mass consumption. Its purpose is to create consumer cultures in nations that fully participate in its benefits. It is the product of cooperation among industrial nations following World War II. Seavoy traces out the evolution of the global market from its foundations in imperial commercial rivalries of the mid-15th century to the present.

Excerpt

There are two purposes for writing this book. The first is to show that the global economy in the twenty-first century is built on the foundation of European commercial imperialism. The second is to show that the global economy as it is currently evolving is capable of producing consumer cultures in all nations that adopt policies to increase exports. Consumer cultures are especially visible in the industrial nations of western Europe, North America, and Japan; and it is becoming increasingly visible in the few post-colonial nations that have actively expanded commercial sectors inherited from imperial governance (South Korea, Taiwan, Singapore).

This book is not about aggression, atrocities, brutality, greed, racism, slavery, and other unsavory imperial practices that many investigators have described. Many of these studies, while accurate, have the purpose to convince readers that European commercial imperialism was exploitation. This is not a fair picture. When observed and analyzed in a long perspective, European commercial imperialism was a strongly positive event because it is the foundation for the globalization of commerce and industry. Put another way, European commercial imperialism was the propellant for creating the global economy of the twenty-first century that can produce consumer cultures in all nations that actively participate.

The rules for participation in the global market have been defined

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