According to the text, many scholars trace the origins of the modern world economic system to:

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Many scholars trace the origins of the modern world economic system to Columbus's voyage to the New World because it led to the establishment of transoceanic trade routes and the exploitation of natural resources in the Americas, which stimulated global trade and transformed the balance of economic power from Europe to the Americas. This also led to the emergence of capitalism and mercantilism as dominant economic ideologies.

According to the Text, Many Scholars Trace the Origins of the Modern