The origins of the current global economic system are found in the late 1400s, when china was the world leader in the production and export of goods such as silk. the result of this position created what problem that fostered european exploration of the americas?

The origins of the current global economic system are found in the late 1400s, when China was the world leader in the production and export of goods such as silk. The result of this position created trade deficit, with exports vastly exceeding imports.

Trade deficit means that a country imports a greater value than it exports. On the contrary, if a country exports more products than it imports, it has a trade surplus.

At that time, China used to export great quantities of manufactured goods.

the birthmark on georgiana's face alludes to the doctrine of "original sin," being tainted with evil from birth

nationalization is the set of dispositions and operations by means of which the state assumes, in varied form, the administration of private companies, of groups of companies or of the totality of certain economic sectors previously managed by individuals, such as the land portions. nationalization is the opposite of privatization. it is also called nationalization of the means of production, although a nationalized company can be previously both national and foreign ownership. nationalization or nationalization is a very characteristic action of ideologies such as socialism and nationalism.