How and why did a world market emerge?

A world market emerged through the expansion of trade networks and the integration of economies, driven by advancements in transportation and communication technologies during the Age of Exploration and later industrialization. Colonialism played a significant role as European powers sought resources and markets for their goods, fostering global trade connections. The rise of capitalism further incentivized international trade, as businesses sought new opportunities for profit. This interconnectedness allowed goods, services, and capital to flow across borders, creating a more integrated global economy.