Chapter 9

The Influence of Government on Global Trade and Ancient Secular, Commercial, and Legal Regulations

Government and Global Trade

The responsibility of societal administration overseers or government in all forms is to stay in power by providing for the economic sustainability and growth of their domain. Such consideration was perhaps best exemplified by the simple statement of the U.S. president Calvin Coolidge in a 1925 speech before the American Society of Newspaper Editors when he proclaimed “The business of America is business.”1 While the quote is reflective of a conservative, capitalistic, free-market economic model, its relevance to the broader commercial imperative as a driving force in the construction and maintenance of societies ...

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