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Historical Perspectives On Trade And Risk On The Silk Road, Middle East And China, E. Mine Cinar, Katherine Geusz, Joseph Johnson

Topics in Middle Eastern and North African Economies

In this paper we examine historical trends in the Silk Road where we discuss historical trade risks, Chinese dynasties and trade. We examine trade risks along the land and sea routes through Central Asia and Middle East. We discuss Chinese balance of payments during different dynasties and the changes in the land and the sea routes. We examine how the trade patterns and routes shifted with the discovery of the New World and when the Dutch and the British formed pooled risk trade associations.