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Justin Yifu Lin is a Chinese economist who is the author of the book "The Quest for Prosperity: How Developing Economies Can Take Off".
In his papers, Lin describes how the China, which many centuries ago was forced to enter a trade with Great Britain after the Opium Wars and was solely seen as a sourcing point, now faces a completely different reality in regards to commercial relations with the British.
The Chinese, whose strength relies on their massive and relatively cheap labor force, understood that the key to development was in acquiring knowledge that would let them thrive in the creation of their own industries. This process has been ongoing throughout the second half of the 20th century until nowadays, as British Enterprises set operations in Chinese Soil, employing Chinese citizens who would eventually benefit from all the knowledge they received. This process has resulted in the creation and incredible growth of global enterprises such as Hayer or Huawei.
The correct answer is B: The Texas border dispute between the United States and Spain was settled. This treaty, also known as Transcontinental Treaty, was accorded between the US and Spain to set the borders between them. Spain ceded Florida and Oregon Country in exchange for the Spanish dominion over Texas.
Africa had to trade for cotton and slaves for the spices, tapestries and glass beads of china, India and the Ottoman Empire
Explanation:
Towards the western verge of the Silk Road is the Ottoman Empire. Present day turkey is the place which was ruled by ottoman Turks and Silk Road extended from china to central Africa. Cotton which was the primary crop of west Africa was traded on the silk road with China in exchange to porcelain, glass products and silk and spices.
Ottoman Empire which also merchandised on the Silk Road procured the slaves of Africa. Central African slaves were purchased by Ottoman Turks. Under Islamic law slaves were to be fed with food and shelter and they have to be given good care by their owner. Slaves were also made unrestrained and were given an opportunity to start a new life with. Ottoman Turks were religious and treated slaves as part of their family.
