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Roman Empire Economical Globalization
Roman Empire Economical Globalization
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From this point, not only a "political globalization" but also the beginning of the
building of an economic system interlinked by land and sea.
THE ROAD SYSTEM
THE TRADE NETWORK
A GLOBALIZED INTERNAL MARKET
The Romans created for the first time in history a
stable, uniformed "globalized system":
Latin as lingua Franca
Bank system and corporate law for companies
Only one currency: Denarius (silver) and Aureus
(gold)
Standard weight and measures: The Amphora
State Control of duties for foreign imported goods
"Romanisation" process led to a high demand of
imperial goods creating forms of "mass
consumption"
standardised red-gloss terra sigillata pottery in the
Roman provinces for example.
MAIN PARTNER: THE LEGIONS
The role of the Roman legions was not only
focused on war: the Roman military strategy had
infrastructure pillars such as the building of
paved roads, bridges and the creation of fortified
positions (the castrum). These fortified positions
eventually became colonies, trading posts by
giving not only stability to the region but also
high demand of goods.
DOMESTIC WINNER: PERIPHERAL PROVINCES
The peripheral provinces once poorest,
gained slowly production advantages over
the Italian peninsula, fully dependent on the
imports. The end of expansion period also
gave an economic boom to eastern half of
the empire and the new capital
of Constantinople, more resources, money,
goods and infrastructure were now devoted
to providing for the increased cost of
military security.
DOMESTIC LOSER: CORE PROVINCE
Thanks to the new market opening and the tax
revenues, initially the Italian province received the
highest benefits from this process.
During the years, the empire reduced the influence
on the market and by so letting the Italian peninsula
to be fully dependent from the peripheral provinces
goods in comparison more competitive.
BIBLIOGRAPHY
Pitts, M., & Versluys, M. (2014). Globalisation and the Roman World. Cambridge University Press
Morley, N. (2014). Globalisation and the Roman economy.
Laurence, R., & Trifilò, F. (2014). The global and the local in the Roman empire: Connectivity and
mobility from an urban perspective.
Hodos, T. (2014). Global, localand in between: Connectivityand the Mediterranean.
Geraghty, R. (2007). The Impact of Globalization in the Roman Empire, 200 BC-AD 100. The Journal
of Economic History, 67(4), 1036-1061.
A.Angela(2010).Impero.Viaggio nell'Impero di Roma seguendo una moneta. Mondadori
R. Bruce Hitchner. (2008). Globalization Avant la Lettre: Globalization and the History of theRoman
Empire. New Global Studies, 1034.