The objectives of the subject “History of the World Economy” are the following:
To know the world economy evolution, its growth, structural changes and Internationalization
To analyze the changes in production and distribution, institutions and in the international economic order
To familiarise the student with the world political division
To analyze the states, their location, population, languages and other
criteria that help to understand the possibilities of doing business in the global market
To understand the current economic development, it is necessary to analyze how the economy has evolved throughout history. This analysis will allow us to see what problems have existed throughout the history of the world economy, the solutions proposed and the result obtained.
Currently, there are poor, rich, developed, emerging countries, BRICS countries (Brazil, Russia, India, China and South Africa), etc. However, they have not always been the same protagonists in the world economy. The situation of the twenty-first century is very different from that of the sixteenth century or that of the fifth century.
Which countries dominated the
international trade in an earlier era and why now it is others?
How have crises occurred and how has the economy recovered?
To trade, you need to have products and services to trade.
How and where did international trade begin?
Technology has dramatically influenced commerce. From the first exchanges of agricultural products, we have come to trade all over the world all kinds of products and services thanks to information technologies.
However, international trade has not always been easy. There have been governments with open policies while others have established protectionist measures.
History, therefore, allows us to understand how we have arrived at the current situation and perhaps to imagine where we are going.
There are physical and political boundaries in the world. The organization of the territory of the countries sometimes does not correspond to the real physical limits, and even sometimes influence more than political borders.
Anyone wishing to start in international business must know the political, economic and geographical division of the world.
(c) EENI Global Business School (1995-2023)
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