First of all, this role stays in the cultural category and only plays a major role in Europe in the economic and political fields.
The so-called "budding capitalism" is inappropriate. The Po River basin and the Beihai region began in the late Middle Ages in Western Europe.
The discovery of new air routes is the beginning of globalization.
This is the main thing, of course, there are many academic debates about this. For example, promoting the European capital market and then "promoting the world commodity economy" and "destroying American indigenous civilization is the first bucket of gold for the rise of Europe".
But on the whole, the formation of the world market has reached a consensus. It can be said that it works in the economic field.
Even China is deeply affected. For example, there was no "money shortage" in the whole Song Dynasty in the middle of Ming Dynasty, which was the result of the influx of American hawks, which led to the germination of Jiangnan capitalism ...
If we want to say that the two functions have something in common, I personally think that it can make Europe develop more vigorously, which will lead to the imbalance of global development, that is, the west is striding ahead of the East.