When did international economic relations as we know them now originate? Select one – the most appropriate answer.

Question

BlackTom AI · Accepted Answer

Let’s unpack the question by considering when international economic relations as we know them began to take shape. 
Option 1 posits the Industrial Revolution in the 18th century as the origin. While this period saw vast overseas investment and the expansion of global production networks, international economic relations trace back well before industrial capitalism fully emerged, through earlier global trade routes and exchanges. That makes this choice misleading as the origin point. 
Option 2 suggests the late 20th century with telecommunications innovations as the starting point. Though technological advances certainly amplified globalization, they did not originate international economic relations; rather, they transformed and accelerated already existing cross-border flows. This is too late to be the origin. 
Option 3 points to the second half of the 20th century after World War II, when nations began integrating trade and investment more systemically. While postwar institutions and liberalization did deepen globalization, the question asks for the most appropriate origin, and the earliest sustained global trading networks predate this era. 
Option 4 argues for the Age of Discovery in the 15th century, with sea routes connecting continents and initiating long-distance trade. This option aligns with historical evidence that long-distance commerce and the first global economic linkages emerged much earlier than the other periods listed, laying the groundwork for international economic relations as we understand them today. 
In summary, the earlier era described in Option 4 better captures the origin of international economic relations, since it reflects the initial establishment of cross-continental trade networks that later evolved into the modern system.

econ_420_120255_249094 Lesson 1 & 2 Quiz

When did international economic relations as we know them now originate? Select one – the most appropriate answer.

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