Creating A World Economy: Merchant Capital, Colonialism, And World Trade, 1400-1825

This exploration in world history examines complex and intriguing questions about the origins of the first truly global economy, centred in Europe, which served as a solid basis for the eventual emergence of the modern world system. The book delineates the emergence of systemic roles assumed by the various regions of the world and by European merchant capital and explains the tensions within this system that ensured its continuation and eventual transformation into the current world economic system.