The european desire to participate in the world economy of the 1500s led to a frenzied effort among european nations to procure what commodity?

spice

the desire to control spice trade was one of the main reason that European dangled to the farthest of the world. Spices were important because at that era, there were no food refrigeration and spices served to change the taste of food and water away any odour therein.

for starters, there is the structural trend of rising primary government expenditure as a share of gdp, which reached 36% in 2014, up from 22% in 1991. this increase reflected a political desire to address the poverty and inequality that had gone unaddressed during previous decades. to support the increase, brazil’s government increased taxes on consumption and promoted progress toward labor-market formalization. nonetheless, public investment, particularly in infrastructure, took a hit. in fact, with the exception of the 2005-2008 period, total investment as a share of gdp has remained below 20% since 1991.