Tuesday, June 18, 2013

Reading Thoughts - Global Commerce

I was very interested to read about the East India Trading Companies from the Netherlands and Britain and their expansion into the Indian markets. 
        This reminded me of an article I read on the subject several years ago in The Economist. The article compares modern state backed companies in China, Brazil, The Middle East and Russia and how there origins arise in the East India Trading Company.  It also chronicles the high and low points of such joint endeavors between "private/state" hybrid companies.
"A POPULAR parlour game among historians is debating when the modern world began. ...the modern world began on a freezing New Year's Eve, in 1600, when Elizabeth I granted a company of 218 merchants a monopoly of trade to the east of the Cape of Good Hope."
This opening paragraph hooked me back when I originally read the article and after our reading I feel it has even more profound connections today.  Below is a link to the full article please read it for yourself.  I hope you find it as interesting as I did. 

The East India Company

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