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Global Trading In Global Trade

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Introduction: A Brief History of Global Trading and Cotton It is undeniable that under the influence of globalisation, the development of global economy is flourishing. Driven by the technological development, the world becomes smaller, connects tighter, and, at the same time leads to the simplification and reduction of trading process and costs, including the production cost and transportation cost and so forth. The global specialisation/ division of labour in the globe also contributed to the global production and global trading. Under the impact of globalisation, the global trading network becomes more and more complex, and this is the phenomena that scholars called ‘Economic Globalisation’. When studying globalisation, people usually regarded …show more content…

Studying the history of cotton, on one hand could understand the transformation of its trading pattern and the changing relationships between different countries, on the other hand can provide us a lens to know more about how cotton influences the rise and fall of states economy in India, Great Britain and in America before, during, and after the first and second industrial revolution. The more important is, cotton is a mirror to reflect the development of globalisation and global trading system in the world. Apart from understanding the development of industrial economy, Çalişkan (2010: 12) has another idea towards cotton as considering cotton is the “source of power” and led the “colonial struggles” at that time. The colonial power in fact was involved in the process of cotton plantation as the colonisers employ their colonial power to control salves and the lands in their colonies in order to serve interests of the coloniser. Since the slave is one of the indispensable parts in the textile production chain as responsible to grow and collect cotton, the law implementation of anti-slavery in America has created an obstruction to the cotton trading, and again influence the global trading system and the states economy. It can be seen that the relations of cotton trading, planting and manufacturing is tightly connected and indivisible, therefore, the study on cotton is essential to show the complexity of the early global trading, and the transformation of

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