Question

how europe emerged as the centre of world trade after 15th century?​

Answer 1

Answer:

They are also known to have dominated the Asian trade until that point. ... China's diminished role and the rising importance of the Americas gradually moved the focus of the world trade towards the west, making Europe its epicenter

Answer 2

China and India were perhaps among the richest countries in the world up until the eighteenth century. They are also known to have dominated the Asian trade until that point. However, fifteenth century onwards, China restricted overseas contacts and retreated into isolation. China’s diminished role and the rising importance of the Americas gradually moved the focus of the world trade towards the west, making Europe its epicentre