Contrasting the early modern global economy

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Write an essay comparing as well as contrasting the early modern global economy of trading empires with the modern globalized economy that emerged over the past century. Your essay should consider but not be limited to such issues as free trade vs closed trading networks as well as monopolies, economic philosophies stressing scarcity vs. perpetual abundance the role of the state in creating both types of systems kinds of trade items (precious good vs. industrial and consumer goods for example).

Reference no: EM13109450

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