Business and Polity explores, through a variety of economic and political formations over the past two and a half millennia, right from the Greco-Roman civilization to present day globalization, the behavior of two power networks: those who control the levers of political power and those who engage themselves in wealth-generating activities. It traces the dynamics of interdependence between these two powerful networks and what happens when one or the other becomes more powerful.
The rational and logical approach taken by the author reveals the links that our modern state of affairs has with the experience of past civilizations—knowledge that can potentially enhance our ability to make informed decisions to shape the global future. Though the content is academic and interdisciplinary in scope and nature, its lucid presentation will appeal to a wide range of readers who are interested in geopolitical issues and economic, political and business history.
Chapter 18: Chinks in the Armour: Empires in the Eurasian Landmass
Chinks in the Armour: Empires in the Eurasian Landmass
For nearly all of world history, the richest and most developed societies have been in Asia, and Europe was a peripheral area. It was the west that wanted the products of the east; Asia wanted little from the west so it took payment in cash. Under the Romans and later during the Islamic Empire, this trade drained the west of precious metals. It was the European conquest of the Atlantic world of the Americas that gave Europe access to phenomenal sources of gold and silver and enabled them to buy their way into the Asian trading system.
During the 16th century, the Portuguese were the only Europeans to trade ...