There have been many trade routes and organizations throughout history. One of these trade routes is the Silk road which is known for its Chinese silk, which was the main product. This trade route connected the world. Another trade route was the Incense Route. This route linked the early Mediterranean civilizations.
The Silk Road
Probably the most famous of all the trade routes, the Silk Road lasted for hundreds of years, outliving numerous empires, wars and plagues, only the command of the Ottoman Empire, finishing in the storming of Constantinople in 1453 effectively closed the route. The closure of the route helped activate the Portuguese into looking for an ocean route to Asia, eventually opening up a new historical age. …show more content…
The continent’s growth has been excellent in recent years. Yet it is just as easy to find signs of distrust in the global economy. Multilateral agencies insists that international mixture offers opportunities for speeding up economic growth. Official languages have become tame since the heyday of structural reforms in the 1990s, but they have found subtle ways to argue that trade is good.
Taxes The World Bank recently launched “defragmenting Africa,” providing a full list of policies to increase international trade within the continent. Unsurprisingly the law can be costly. Removing import taxes might make the economic efficiency better and raise consumer welfare, but the interest can fall in countries with limited public resources. Although Africa has some of the highest trade taxes in the world, in 2009, the point is that there are trade offs. The same applies to policies that entail investments in the base for “trade facilitation”
The Spice Trade Spices such as cinnamon, cassia, cardamom, ginger, pepper, and turmeric were known, and used for trade. The spice trade refers to the trade between historical civilizations in Asia, Northeast Africa and