... It is necessary to understand that advances in transport and communications technology do not always lead to greater trade or business relocation. The internationalization of economic activity in Europe first took off in the fifteenth and sixteenth centuries, with the development of new shipping technology that led to Spanish colonization of Latin America. However, the Chinese ... to discern broad global shifts in international economic policy-making, there has also been considerable variation in continuity, suggesting that a level of choice persists. Recent writing on Europe emphasizes...

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