The economic division of labour in Europe from the second half of the fifteenth century onwards is clearly visible. Western European historiography focuses primarily on the Atlantic region and Western Europe in its portrayal of the globalising economic system, while Central Europe is very often treated as peripheral. However, this cannot be confirmed by the relevant historical sources. The regions of the Carpathian Basin participated in the continental economic cycle mainly with raw materials, live animals and semi-finished products. Nevertheless, at the beginning of the early modern period, Central Europe and the Hungarian regions were indispensable partners of the Western European regions rather than vulnerable markets.
The period from the second half of the fifteenth century to the first half of the seventeenth century was the last period of (early) modern history in which a more or less balanced system of relations still connected the regions above mentioned. This does not, of course, contradict the part of the classic centre-periphery model that states that the regions of Western and Central Europe had different production profiles from the fifteenth century onwards. While the former had a clear advantage in craft production, the latter concentrated mainly on agricultural products and mining raw materials. Nevertheless, it should be emphasised that in the first half of the early modern period, every region was still able to participate in multilateral trade with numerous goods that other regions needed. None of the regions became the exclusive consumer market for the other. Mutual dependence can be demonstrated in almost all bilateral interregional relationships.