Sangram Sinha“Your own mind is a sacredenclosure into which nothing canenter except with your permission”- Arnold Bennett
DOCOUNTRIES STILLMATTER ?•Notion of sovereignty•Concept of Nation + State = Nation-State•(People)(Land)•Olsonian ”bandits”•National Governance•Why do Nations compete ?01/26/20215
What is InternationalBusiness ?
Get answer to your question and much more
Ancient TimeInternational Trade•3000 BCE : Sumerians & Egyptians with Harappancivilization•Evolution of Silk route opened by Han Dynasty( 206 BC – 220 AD)•From Greek Civilization to the fall of Roman empirein 5thcentury – Europe traded spice with Far East•Sogdians ruled East-West trade route from 4thto 8thcentury AD•Vikings & Varangians traded from 8thto 11thcenturyand sailed through Scandinavia, Western Europe &Russia•Indian export of spices got mentions in history post850 AD.01/26/20219
Middle Age International Trade01/26/202110Vasco da Gama started European spicetrade in 14981498Dutch expedition (1595) & Dutch EastIndia Co. (1602)1595Dutch East India Co. goes bankrupt1799Opium War (1840) – Britain invadesChina1840Late entry of Americans –Massachusetts trading with Sumatranin early 19th century. SiameseAmerican treaty (1833) calls for freetrade (except rice & arms)early 19th centuryFree Trade Agreement (1860) betweenBritain & France under the presidencyof Napoleon III1860
ModernAgeInternational Trade -PoliticalEvents•Treaty of Westphalia (1648) : Ending European War•World War I (1914 – 1918 )•Bolshevik Revolution (1917):Dismantling Tsar / USSR•Treaty of Versailles / ILO (1919)•World War II (1939- 1945)•OEEC (1949)OECD (1961)•Council for Mutual Economic Assistance /COMECON (1949)•3 Big Groups•BENELUX + France-Germany + ItalyECSC (1951)EEC(Treaty of Rome, 1957)•UK , Swiss, Nordic countries & AustriaFree Trade Area•Spain, Portugal, Greece, Turkeyremained loose•Tax Heavens : Andorra, Monaco, Liechtenstein, Virgin Islands•Berlin Wall breakdown (1990)•European UnionBREXIT (1918 – 19)01/26/202111
Evolution of TradeTheories•Mercantilism (pre -16thCentury)•