The Islamic Marketplace

Essay # 45881

Business
Ethnic Studies > Middle East
History > Middle Eastern

Discusses how the Muslim civilizations have arisen from the deserts of Arabia because of the extensive trading their locale offered.

750 words () | 3 sources | MLA | 2003 United States

Paper Summary:

This paper discusses the history of the Arabian and Islamic business culture. It explains the history of bartering and trading that was common in the Middle East and examines how this culture expanded to modern day business practices.

From the Paper:

"Visit New York and walk Wall Street, fly to London and stroll down Oxford Street. In every great city, in every great culture there is a marketplace. From centuries ago to modern day, people have always converged on a common locale to do business and to exchange goods and services. The Middle East, in fact, helped define the future of economics by pioneering new business tactics and concepts that vastly improved the primitive trade and bartering of the medieval period. The Islamic economy was founded on the trade of goods and relied heavily on foreign suppliers to bring in foods, spices, cloths, precious metals, exotics, and even livestock. This continental trade created a need for a new innovative way of commerce and the Islamic nation rose to that task creating a trading hub that linked Asia with Europe and Africa."