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The Chaining of a Continent: Export Demand for Captives and the History of Africa South of the Sahara, 1450–1870 Mona, Jamaica: University of the West Indies Press, 1992. Inikori, Joseph E. and Engerman, Stanley (Eds.) The Atlantic Slave Trade Effects on Economies, Societies, and Peoples in Africa, the Americas, and Europe. Durham: Duke ...
Though many scholars situate the origins of globalization in the modern era (around the 19th century), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization). The period in the history of globalization roughly spanning the years between 1600 and 1800 is in turn known as ...
The pre-colonial trade routes and networks in Africa were extensive and sophisticated, connecting various regions of the continent and facilitating the exchange of goods, culture, and ideas. These routes played a crucial role in the development of African civilizations , fostering economic prosperity and cultural exchange long before European ...
In 2018, South Africa exported and imported goods to and from the rest of Africa to the value of US$25 billion and US$11.5 billion, respectively. Intra-Africa exports account for 26% of South Africa's total exports and imports for 12% of total imports for 2018. South African exports to the rest of Africa are predominantly of value-added goods.
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
18th century triangular trade between Europe, the New World, and Africa During the era of European imperialism, periphery countries were often set up as specialized producers of specific resources. Although these specializations brought the periphery countries temporary economic benefit, the overall effect inhibited the industrial development ...
In 2024, the U.S. trade deficit in goods grew by 14% in 2024 to reach a record of $1.2 trillion, while America's trade surplus in services grew 5.4% to $293 billion – leading to a net trade ...
If a country exports a greater value than it imports, it has a trade surplus or positive trade balance, and conversely, if a country imports a greater value than it exports, it has a trade deficit or negative trade balance. As of 2016, about 60 out of 200 countries have a trade surplus. The notion that bilateral trade deficits are per se ...