1. The Making of a Global World
The Nineteenth Century (1815-1914)
In the nineteenth century economic, political, social, cultural and technological factors interacted in complex ways to transform societies and reshape external relations.
(ii) Economists identify three types of movement or 'flows' within international economic exchanges. The first is the flow of trade (referred largely to trade in goods), the second is the flow of labour and the third is the movement of capital. All three flows were closely interwoven and affected people's lives more deeply now then ever before.