How do economic systems impact trade networks in different time periods?

Economic systems play a critical role in shaping trade networks in various time periods. In ancient times, barter systems and traditional economies limited the scope and scale of trade networks, with goods being exchanged primarily within local or regional markets. As civilizations advanced, the development of capitalism and mercantilism fueled the expansion of global trade networks, with nations competing for resources and establishing colonies to enhance economic prosperity. In the modern era, globalization and the rise of free-market economies have further transformed trade networks, enabling goods, services, and capital to flow across borders more freely than ever before. Overall, economic systems have a profound impact on the evolution and dynamics of trade networks throughout history.

This mind map was published on 18 February 2024 and has been viewed 98 times.