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Globalizing Business
Globalizing business

Since the time of the earliest civilizations, trade across frontiers and regions has occurred. Economy and society involving exchange of raw materials, animals and crops, semi-finished and finished goods, services, money, ideas and people, has existed since the dawn of civilization (Diamond, 1997). For several hundred years from the sixteenth century onwards, trade between European state systems and their colonial offshoots defined international trade. Such trade involved the world's major trading companies, organized religions and local chiefs and merchants. Often it comprised plunder and looting, dealing in slaves as well as precious and rare commodities. Only later, with the advent of industrialization, did it involve more mundane commodities spreading globally, often replacing indigenous products, propelled by the artillery of cheap prices. Some ...

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