Sherine Swanin. Ib 350: International Trade. Professor

In the article “Conditions of Trade,” Michael Baxandall explains that fifteenth-century Italian art is a “deposit” resulting from the commercial interaction between the artist and the purchaser, who he refers to as a client. These works, as such, are “fossils of economic life,” and money, and they play an important role in the history of art. In our current perception of the relationship between the artist and art, “painters paint what they think is best, and then look around for a buyer” . However in the past, especially during the Renaissance period, the customers determined the content and form of paintings, as it was them who commissioned the work before it was created. He states that the artists and clients were interconnected and

Today Denmark is one of the most prosperous countries in the world. Unemployment rates are low. Denmark also has low inflation and a surplus on both balance of payments and public expenditure. The World Economic Forum’s 2008 competitiveness index ranks Denmark in its Top Three world-wide. And the World Transparency Index ranks it as the world champion in non-corruption. Furthermore it should be noted that other international comparisons nominate the Danes as the happiest people in the world! Denmark’s success is so impressive.

Economic view: Most of the Nordic countries have positive growth in GDP, which means the people have more disposable income – the amount of money that households have available for spending and saving after income taxes have been accounted for.

When studying trade and commodities of Empires in any period of time, it is important to look at the changes that the trade created within the involved nations. What crops were popular enough to grow commercially in the empire, what the increase of trade did to the population demographics, and how the global system influenced the interactions of the countries involved can be found through close reading primary sources. Through sources like Trade and Travel in the Far East by G.F. Davidson and Tearful Conversation over the Mulberry Fields and the Sea by Nguyen Thuong Hien, scholars can determine the impact these factors had on the lives of those who experienced empirical trade. In comparing these two documents, the most prominent focus is on

Since the end of the last ice age, Denmark has gone from a small hunter- gatherer society, to a super power during the Viking era, and slowly transformed into what it is today. Although not considered a super power in today’s standards it is still a thriving society, with citizens that are some of the happiest in the world. This is possible due in large part to their economy. The Danish military is small but completely capable of defending itself while simultaneously providing support to its allies. The physical environment of Denmark plays a significant part in what has made the country successful. All of these things combined truly make Denmark a model to live by.

We as a world together have been through a lot of changes and made a lot of advances over the past couple of centuries. Many have argued about the outcome of the European expansion on the Americas. Some people feel that the Europeans had both a positive and negative impact on the expansion; however, the negative impact gave a devastating result, which would continue to change history for almost four hundred years. The Europeans were manipulative towards to indigenous people of the Americas. They exploited them, using them as their personal slaves. Most importantly, they silently murdered the Natives by introducing them to diseases such as the measles and smallpox. Consequently, a small pox epidemic was caused, which resulted in the

The Danes welfare model gives them the ability to balance work with family life. Most are in good health. The language spoken is Danish. They enjoy their lifestyle and are known for their Danish traditions, Christian faith, architecture,

Denmark became a country as early as the eighth century but the normal people aka the Danes were there at around 500 AD. In the 9th century the Danes were in the viking age where they first settled and discovered Iceland. There great shipbuilding and navigation skills helped them conquer parts of France, Ireland, and the British isles. around 1332 after the horrible ruling of Christopher the second they country was ruled by counts. After one died, Valdemar became king and reunited the nation back together. The daughter of Valdemar, Margaret the first married Hakon the sixth to attempt to join the kingdoms. In 1387 she ruled Denmark Norway and Sweden and united them together to make the Kalmar union in 1397. After her death,her successor Eric

First, Denmark has remarkable safety, if one would decide to venture out at midnight by their self, they would feel perfectly comfortable and safe. Another reason Denmark is almost perfect is because it’s located in Europe and if you live in Denmark you can effortlessly travel to several different countries. That is great because you can learn a lot about other countries. Finally, it has such rich history. It's food and culture is inspired by vikings who inhabited Denmark a long, long time ago, but yet they still lives in Denmark's culture.

Which is cost difference determines the patterns of international trade. Absolute advantage is trade benefits when each country is at least cost producer of one of the goods being traded. In the 1800s, David Ricardo developed the theory of comparative advantage to measure gains from trades. This theory is based on comparative advantage and it states each nation should specialize in production of those goods for which its relatively more efficient with a lower opportunity cost.

While our relations with our neighbors and other members of the European Union could possibly improve with more trade, our relations with superpowers would likely become tense. Because large states use economic and military capabilities as means for power, they act on similar behaviors. Superpowers are suspicious to other states, and see most as threats to their own survival in the international system (Mearscheimer, 17). Great powers fear states with large populations and growing economies Some could say that because this look into state behavior focuses on superpowers amongst one another, it would not apply to a great power reacting to a smaller state like

Denmark is the oldest kingdom in the world and one of the oldest states in Europe. The current monarch, Queen Margrethe II is very popular among the Danes and began ruling in 1972. Denmark’s history started with the Viking age. The Danes conquered northern and eastern England and Christianity was introduced during this time. The Reformation fighting ended in 1536 and left the establishment of the Lutheran church headed by the monarch. Denmark lost territory and money in the Thirty Years War with Sweden. However, the Great Northern War restored Denmark’s power in the Baltic. Despite some territorial losses, Denmark started to prosper economically, introducing a representative form of government and many social and educational reforms. Denmark remained neutral in the First World War and the present southern border with Germany was established. As Hitler rose to power in Germany, Denmark introduced the Great Social Reforms, continuing to prosper culturally. Denmark was occupied by Germany in World War II. Denmark joined the European Community in 1973.

industry, they face the same global competition as other countries (if not more.) According to

     International trade is defined as trade between two or more partners from different countries in the exchange of goods and services. In order to understand International trade, we need to first know and understand what trade is, which is the buying and selling of products between different countries. International Trade simply is globalization of the world and enables countries to obtain products and services from other countries effortlessly and expediently.

Denmark's many natural resources, proximity to distribution centers and the ability to act as a centralized logistics hub, in addition to its economic and political stability, make this nation one of the best to launch a new business in. It is also based on a constitutional monarchy with a judicial system that is comparable to the U.S. in that there are three branches of government. There is an executive, legislative and judicial branch of the government, acting with comparable balance of power as the U.S. as well. All of these elements of their governmental structure make the country one of the most open to Foreign Direct Investment as well (Atkins, 2012). The country is currently indexing is currency, the Danish krone, to the European Union euro. This has led to the stabilization of their balance of payments throughout Europe, and also opened up the opportunity for the country to join the European Economic and Monetary Union (EMU) (Atkins, 2012). The country's leaders voted against it, citing their relative strength to the weakness of other EU nations, and the potential that their economy could be adversely affected by too much shared debt. Their insights were prescient, as the current economic state of the EU shows. Denmark has been able to mitigate the effects of the debt crisis in Europe by taking a more measured, controlled approach to how much of their currency the lend to struggling