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The Silk Road[ a] was a network of Eurasian trade routes active from the second century BCE until the mid-15th century. [ 1] Spanning over 6,400 km (4,000 mi), it played a central role in facilitating economic, cultural, political, and religious interactions between the Eastern and Western worlds. [ 2][ 3][ 4] The name "Silk Road" was first ...
The global silver trade between the Americas, Europe, and China from the sixteenth to nineteenth centuries was a spillover of the Columbian exchange which had a profound effect on the world economy. Many scholars consider the silver trade to mark the beginning of a genuinely global economy, [ 1] with one historian noting that silver "went round ...
The spice trade involved historical civilizations in Asia, Northeast Africa and Europe. Spices, such as cinnamon, cassia, cardamom, ginger, pepper, nutmeg, star anise, clove, and turmeric, were known and used in antiquity and traded in the Eastern World. [ 1] These spices found their way into the Near East before the beginning of the Christian ...
The Philippines and China signed an air rights agreement in 2010, significantly increasing flights between the two countries. [10]: 159 In August 2011, the Philippines and China signed a five-year trade development program worth US$6 billion. [10]: 160
Trade with Ming China via Manila served as a major source of revenue for the Spanish Empire and as a fundamental source of income for Spanish colonists in the Philippine Islands. Galleons used for the trade between East and West were crafted by Filipino artisans. [23] Until 1593, two or more ships would set sail annually from each port. [24]
2008-2009 : during the Great Trade Collapse, a drop of world GDP of 1% caused a drop of international trade of 10%. In 2013, China began its economic integration and infrastructure project, called the Belt and Road Initiative. 2014: India launches its Make in India initiative and announces its Act East Policy.
The Maritime Jade Road was a maritime trade network in Southeast Asia that existed long before the Maritime Silk Road. It lasted for around 3,000 years, partially overlapping with the Maritime Silk Road, from 2000 BCE to 1000 CE. It was initially established by the indigenous peoples of Taiwan and the Philippines.
The Philippines on Monday described the actions of Chinese vessels against its boats carrying out South China Sea resupply missions over the weekend as a "serious escalation". In the latest in a ...