Our current globalized capitalist world economy was built on Mercantilist foundations, put in place in the first phase of global European expansion, the second phase being that of the formal European empires of the industrial age. In the case of the “New World” in the Americas, Europe’s Mercantilists were creating entirely new trade networks and hinterlands. In the Old World of Afro-Eurasia however, Europe was rearranging the existing, much older, world economy it had been part of since the Middle Ages (see Andre Gunder Frank’s Re-Orient and Jim Blaut’s The Colonizer’s Model of the World). I wanted to illustrate this first phase of global capitalism with thematic maps.
And he continutes through to the Britsh empire ca. 1750.