Trading activities

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Trading activities have transformed the world economy, which is evident since the European explorer who traveled across the globe over the last two centuries. Globalization has influenced the growth of international trade, such that there is a drastic increase in the total amount of export and imports across the world. Mostly, trade transactions involve the exchange of physical goods as well as services such as tourism. The article describes the “Trust in Long-Distance Relationship between 1000-1600CE” is useful to measure the impact of long-distance travel in the transformation of the current world trade. The article studies the long-distance trade across Europe, the Mediterranean, and West Africa on the period between 1000 and 1600CE, which focuses on trust issues among the trading nations and is similar to the subject of long-distance travel.

The article addresses the benefits of trust in a trade-in, creating and maintaining a good relationship, as well as establishing a deep network between the trading groups.  The long-distance traders across the world encountered challenges due to lack of cooperation and trust between the buyer and seller (Forrest and Haour 192). The trade-in long distant relation relied on confidence among the buyers and sellers, as the trustworthy served as a crucial component in the exchange of payments and goods. Notably, trust incorporated a set of virtues, a means of negotiation, and a conversation that involved both physical performances and acts. Although in the modern view, trust also causes the problem in a long-distance relationship, on the assumption that traders had limited knowledge on economic factors, in recent globalization, it is practiced in every aspect of the trade, for example, between banks and investors. Even though trust in long-distance trade was not due to economic inadequacies. It is still an essential element in conducting trade among the Mediterranean, northern European, and trans-Saharan traders. The traders rely on trust during securing credit, bartering, and creating trading networks with the persons who came from different cultural backgrounds and practiced different religions (Sánchez and Kaps 29). Because trade involves individuals speaking different languages, trust is gained through activities such as traders drinking wine together and charity donations.

Some of the scenarios that show involvement of trust in the long-distance trade is the European and Mediterranean ways of conducting business, where the monks and the Fountains Abbey(trader) in English wool trade use words such as ‘we promise,’ to imply the act of trustworthiness (Bentley et al. 436). In Jewish trade, trust is indicated from phrases such as “trustworthy as two proper witnesses” used together with the swearing of oaths. For example, words such as (Emunah, fides), which symbolized the relationship between the divine and people.

In recent globalization, trust, just like in the long-distance trade, is a crucial tool in commerce and is built through self-representation, work commitment, and careful behavior. Trust enhances effectiveness and efficiency between the firms’ interaction. Chiefly, trust increases a strong bond between the manager and employees, which in turn positively contributes to teamwork through decision making hence improved productivity. Also, consumers rely on the trust of the producers to distribute to them quality products and services. Trust, as depicted in the article, is essential in both long-distance and modern trading activities.

Works Cited

Bentley, Jerry H., et al., editors. The Cambridge World History. Cambridge UP, 2015.

Forrest, Ian, and Anne Haour. “Trust in Long-Distance Relationships, 1000–1600 ce.” Past & Present 238.suppl_13 (2018): 190-213.

Sánchez, Manuel H., and Klemens Kaps, editors. Merchants and Trade Networks in the Atlantic and the Mediterranean, 1550–1800: Connectors of Commercial Maritime Systems. Taylor & Francis, 2016.

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