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  Advocates the privatization of state-owned sectors and economic deregulation

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1. Advocates the privatization of state-owned sectors and economic deregulation.
2. Colonies as 'resource peripheries'—supplying commodities, foodstuffs, raw goods to core
3. consumption of commodities; supplying growing industries (where industrialization took place)
4. captive markets for manufacturing goods
5. migration was generally ____to____
6. Large-scale, mechanized, standardized production; lower costs; mass consumer markets
7. the world's balance of power shifted from ____ to ____
8. controlled by Italian city-states (venice) through their relationships with Islamic/Mongol Empires, and China (Silk Route).Luxury goods. Very prosperous, many royals wanted a hand in it