Reference no: EM133092237
The Early Era of International Business
International business has been around for centuries. In fact, its origins can be traced back as far as 2000 B.C. to the trading that took place between North African tribes and parts of the Middle East. Greece and the Roman Empire owe part of their early prosperity to international trade and its associated political and military power. Some significant trading relationships that endure today were developed during the Middle Ages.
The colonization of America, brought about in part because important trading routes to the Middle East were cut off when the Turks conquered Constantinople, brought new trading avenues, particularly with Europe.
During the colonial period and the subsequent Age of Imperialism, foreign direct investment and multinational companies grew rapidly as Europeans invested in their colonial empires in America, Asia, and Africa. The invention of the steam engine, and its associated low-cost transportation, further encouraged foreign investments in the nineteenth century.
QUESTION:
Explain and comment on the statement above using your understanding of this course and experience.
The minimum word for the assignment is 500 words, which include tables and captions but exclude footnote, endnote, and references. The total number of words must be specified at the end of the discussion.
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Improve or optimize the process
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The early era of international business
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