World history/WHME101/Impact of global trade/Changing economics

Reading

Read the following article. As you do so, consider the following questions:

• What was the economic relationship between Europe and Asia in the 1500s and 1600s?
• Which countries had the greatest economic power during this period?
• What evidence does Frank offer to support his arguments?

Andre Frank, 'Asian-based World Economy 1400-1800: A Horizontally Integrative Macrohistory', 12 November 1995.