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 and hard goods.The result of this position created what problem that fostered European exploration of the Americas?

Question

Quizplus · Accepted Answer

China's dominance in trade created a trade deficit for European countries, as they were importing more than they were exporting. This led to a desire for finding new trade routes to access goods directly from Asia, which ultimately led to European exploration of the Americas.

The Origins of the Current Global Economic System Are Found