If you analyse the whole human history on this planet from a World Politics-economics point of view, you will be terribly surprised to find that it is only and only about the Indian Ocean, access to the rich Indian Ocean trade! All eyes are set onto that “Land of Waters” which keeps the economies of the world thriving, kicking and moving for over thousands of years.
The Europeans were fascinated by and large by the Indian Ocean trade in the earlier centuries, whereas the natives of the countries India and China have woke up yet again after a long slumber to this attractive reality. These waters actually breathe trade and commerce, transport majority of resources utilised by the world, the transit from where the oil flows, gas flows and resources
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The question lingers upon geography; it is about the Tibetan Plateau, the roof top of the world. From that, runs down all the major rivers of these two countries. These rivers made massive agriculture possible and thereby consumption. The huge populations were thus sustained by fresh water resources. The fact that more than 50% of world’s population live in these two countries remained a fact for the whole human history despite wars, earthquakes, famines, floods etc.
Basically what human beings were doing on the planet was agriculture. So India and China had half the world’s population, half the world’s farmers, half the world’s agriculture and thereby half the global GDP. This is how both the countries were so rich. Those were the days when the rich Indian Ocean trade blossomed the Indian economy into what we refer to as a ‘Golden
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The same problem props up; you need more resources, which have to be sourced from Middle East or Africa. Again after a whole circle we come back to the Indian Ocean. As notified above most of the resources are transported through this ocean, both India and China are vying for getting an access. India is just out in those waters, whereas China is desperate to secure an access. They both again are seen following the same strategy which Europeans used so many years back, they are trying to capture island nations, then the port countries. You cannot necessarily capture these days, so they are using trade and investments and billions of dollars of line of credit to lure them to have favourable policies. It is also alleged that India’s RAW & IB had a role in removal of Sri lanka’s Ex-president Rajapakse who was a known Pro-China leader. China took over Gwadar port of Pakistan and India is fielding for Chhabar port of Iran. The long and short of it is that both the countries are encircling each other in the Indian
Analyze changes and continuities in the commercial life of the Indian Ocean region from 650 CE - 1750 CE Between the post classical era and early modern period the Indian Ocean region underwent many changes and continuities in commerce. The most noticeable changes have to include technological advancement, goods, and superiority over the region; crucial continuities include the continuation of the use of the trade routes and the main purpose it was established for, trade. Naturally, 650-1750 CE covers a large time frame. There were several developments and advancements in technology.
For any country that wants to survive in the toughest of times, they need to have good trading capabilities. Very few countries are able to sustain themselves without indulging in intensive trade with other countries. Trading has been considered a good thing in the past, but with the changing world, there are doubts about the benefits of trading. There are some factors that lead to the development of trade networks between countries. When people started to settle in larger towns, the idea that you had to produce absolutely everything for survival, began to fade.
Between 600 CE to 1750 CE, the process by which trade was conducted on the Indian Ocean changed dramatically. With the new maritime knowledge in the Indian Ocean, larger ships were able to connect Africa to the rest of the Indian Ocean network, leading to merchant Diaspora which continued throughout the era. From 1000 CE to 1400 CE, African city-states began to grow and led to an intensified trading network throughout the Indian Ocean. With this increase in cross-cultural interaction, new technology, ideas and diseases were exchanged.
The rule of the British Empire in the Indian subcontinent between 1858 and 1947 greatly affected the net economic status of India. Trade was the sole reason for the British East India company arrival in India, for the Industrial Revolution in Britain led to the increase in demand for raw materials in factories and India served as an efficient platform. However, as their influence started expanding, they created new policies and began to colonize India not only economically, but also socially and politically. Historians continue to debate whether the long-term impact of British rule in India was accelerating the economy or declining it. That being said, my paper is going to be assessing the positive and negative impacts on the Indian economy
One of the more important factors was understanding the economic power of china. China supplied for and consumed products of this trading network. They also provided technological innovations. Another factor was that there was a sudden rise of Islam and its spread across the Afro-Eurasia world. This creation of the Arab Empire brought together a political system in range of economies and cultural traditions thus providing a vast area for trade.
The development intensification of economic, political, ecological, social and cultural interconnections across international borders, it is what alludes to the term globalisation (Steger, 2009). Globalization is often argued to the only route to development and human contentment. However, these advances particularly in technology, political integrations and economic growth within and between countries has fragmented or shrunk the aspects of space, time and speed to some extent, at the environmental disbursement (Bozorgmehr, 2010). Additionally, all high-income countries (HICs), middle-income countries (MICs) and low-income countries LICs have unparalleled challenges associated with source, supply, demand, use and distribution of food, water,
Zheng he began establishing trade networks with several regions across the indian ocean. His treasure fleets impressed most of the people he met, with some claims suggesting that his ships were about 100m+ in length. What started during the early 1400’s lasted all the way into the 1700’s. The chinese established a trading relation with many coastal areas and began trading with them through the ocean. This all started with China wanting to spread their strength and influence across the Indian Ocean this can be seem in document 6 which talks about how everyone wanted chinese goods.
The exchange offered great wealth to the New and Old Worlds and increased their quantities of resources. Also the spread of crop growing increased the demand for labor. This situation ensured the
They wanted more and more land; more and more power. Thus, they decided to conquer large segments of land, such as China and parts of the silk road ( a trading network). Nevertheless, they were never sincerely content with what they had, they always coveted more. This forced them to become very disappointed when they couldn't conquer more lands. With as much territory as they had, no amount of land would ever be enough for them because they believed that there is more territory out there waiting for them.
Although China did not become industrialized, pushing the limits of the old biological regime with old technology and their growing population size forced China to become a very labour-intensive agricultural giant in order to support themselves. Overall, although the world had left behind an old and insufficient biological regime, the Industrial Revolution brought with it its own challenges for mankind. Things like cotton, tea, silver, opium, iron, and steam were all items that dominated the Industrial Era. Tea and opium were mass produced by the Chinese, and England stripped silver from the New World to pay for these goods.
Although China’s land is not as big as Russia or Canada, but their number of people make up more than two countries. Overpopulation in China is one of the serious problems that the world is facing because it brings unemployment, exhaustion of natural resources and also environmental at pollution. Why is China’s population more than other country, because
The ocean… The sound of the waves applauding and hugging the shore. The internal sounds of the body out in the world’s biggest swimming pool. The echo of my sister’s laughter. The salty smell so strong that one can taste it dancing on ones taste buds.
There are three main types of economic system that have already existed in the 20th century which are command economy, capitalist economy and mixed economy. However, we can relate these three economic systems with government, business and society because they are interrelated to each other. The first economic system is command economy where there is no private ownership of property and the government takes full responsibility for the economy. In this type of economic system, production is not undertaken for profit.
The Elephant and the Dragon by Robyn Meredith highlights China’s and India’s industrial growth and worldwide. Meredith describes China’s and India’s history and how both countries went from being poor to worldwide powers. Meredith shows how each of the country’s leaders influenced the fall of the economy and how future leaders led to the rise of economic growth. In each economy Meredith states that the leaders of both countries found themselves with no choice but to change and she describes the inspiration that both countries deprived their ideas from with lead to great change for the government and the people.
INDIA’S INTERNATIONAL TRADE: TREND, COMPOSITION AND DIRECTION INTRODUCTION International trade is exchange of capital, goods, and services across international borders or territories. India’s major imports comprise of crude oil machinery, military products, fertilizers, chemicals, gems, antiques and artworks. Indian exports comprise mainly of engineering and textile products, precious stones, petroleum products, jewellery, sugar, steel chemicals, zinc and leather products. TRENDS