The book "The World That Trade Created: Society, Culture, and the World Economy, 1400 to the Present" by Kenneth Pomeranz and Steven Topik is a comprehensive and engaging exploration of the history of trade and its impact on the world. The book is structured around a series of vignettes, each focusing on a specific aspect of trade, such as the opium trade, piracy, or the development of international time zones. These vignettes are designed to be accessible and engaging for a broad audience, making the book suitable for both academic and general readers.
The authors take a unique approach by dividing the book into several unorthodox chapters. One of which is "The Economic Culture of Drugs", which may not only speaks about opium trade between the British and Chinese, but also chocolate coffee tobacco and chewing gum. Another is "The Economics of Violence", about pirates and buccaneers, about Ethiopia playing off the European powers against each other.
The authors also emphasized the interconnectedness of global events and the ways in which different regions and cultures have influenced one another throughout history. They also highlight the complexities and paradoxes of global trade, including how gains for some people often come at the expense of others. This nuanced perspective is particularly valuable in today's globalized world, where understanding the historical roots of economic globalization is crucial for navigating its challenges and opportunities.
The vignettes are highly readable and filled with insights and interesting facts about various aspects of trade, from the history of chewing gum to the development of rare earth metals. The authors' emphasis on the persistence of economic power in non-European areas, the importance of environmental issues in global trade, and the need for economic elites to negotiate power with other groups adds depth and context to the discussion of trade.
The book could benefit from more coverage of certain regions, such as Africa, the overall assessment is that "The World That Trade Created" is a valuable resource for anyone interested in understanding the history and impact of global trade. Its short story engaging style, interdisciplinary approach, and focus on the interconnectedness of global events make it an excellent choice for both academic and general readers.