Output: In reviewing the topic of Market Integration for the final output in your TCW subject, you should

focus on the following points for each phase:

For the agricultural revolution:

- Study how advancements in agricultural techniques and tools led to increased productivity and surplus,
paving the way for market integration.

- Explore the role of domestication of plants and animals in creating stable food supplies that could
support larger populations and trade.

- Investigate how this period laid the groundwork for more complex economic systems by enabling
specialization and the beginning of trade networks.

For the industrial revolution (17th century):

- Examine how technological innovations like the steam engine and mechanization transformed
production processes, resulting in mass production and economies of scale.

- Consider the impact on market integration as transportation improved with railways and steamships,
leading to expanded trade routes and global markets.

- Analyze how this period saw a shift from agrarian economies to industrial ones, influencing social
structures and labor dynamics.

For the information revolution:

- Delve into how advancements in information technology have revolutionized communication,

connectivity, and access to information.

- Assess how this has led to globalization where markets are increasingly interconnected and
interdependent.

- Explore the implications for market integration in terms of reduced transaction costs, increased
efficiency, real-time access to financial markets, and e-commerce growth.

Make sure to supplement this study with current events that relate to market integration. Look at recent
trends in global trade agreements, shifts in economic power due to technological changes, and
contemporary challenges such as cyber-security concerns or trade wars. Use diverse sources like recent
journal articles, news reports on international trade discussions or agreements, technological innovations
affecting markets, and expert commentary on current economic policies impacting global integration.