ABSTRACT
The global marketplace: The global marketplace (GMP) is a system of economic relationships between consumers, companies, governments, and multilateral institutions from around the world that allows real-time cooperation and competition regardless of location.
The foundation for the GMP in the twenty-first century was laid by the formation and interaction of national economies, a process that began more than 2,000 years ago. Through this interaction, international economic integration gradually reached a level of intensity that created a true world economy. Key stages of world history are typically characterized by major economic developments. In the fourth century bc, Alexander the Great established the initial economic connections between Europe, the Middle East, and Asia. Significant economic ties within and between Europe and North Africa were later created by ancient Rome. This area of the world, 2,500 years ago, known as the “ecumene,” was practically the entire known world of Romans and Greeks. A thousand years later, by developing economic activity in Central Asia, Genghis Khan and after him Tamerlane linked the economies of Eastern and Southern Europe with those of China and the Indian subcontinent. In the fifteenth century, Christopher Columbus indelibly linked the economies of Europe and the Americas. One hundred years later, Ivan the Terrible extended economic activity to Siberia, a territory larger than Europe or China. This was one of the largest economic expansions of the world economy in terms of the territory involved, second only to the discoveries of Columbus. Peter the Great, the first Emperor of Russia, established stable economic relations between Europe and Russia. Napoleon increased the intensity of the economic integration of European nations with each other and with Russia. The Monroe Doctrine, the 1823 declaration by the US president of the same name, created a base for regional economic cooperation of the nations of the Americas and was later used by US President Theodore
