Module 1: Introduction to International Trade
This module provides an overview of international trade, its history, and its importance in the global economy.
Lesson 1: Historical Context of International Trade
In this lesson, we'll explore the evolution of trade from ancient civilizations to modern globalization. Understanding the historical context of international trade is crucial for grasping its current significance and future trends.
Key Points:
- Ancient trade routes (e.g., Silk Road, Spice Routes)
- Mercantilism and colonial trade
- Industrial Revolution and its impact on global trade
- Post-World War II trade institutions (GATT, WTO)
- Globalization and the digital age of trade
Case Study: The Silk Road
The Silk Road, a network of trade routes connecting the East and West, serves as an excellent example of early international trade. It facilitated the exchange of goods, ideas, and cultures across vast distances, demonstrating the far-reaching impacts of trade beyond mere economic transactions.