The Origins of Globalization World Trade in the Making of the Global Economy 1500 1800 1st edition by Pim de Zwart, Jan Luiten van Zanden ISBN 1108669204 9781108669207

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ISBN 10: 1108669204
ISBN 13: 9781108669207
Author: Pim de Zwart, Jan Luiten van Zanden

For better or for worse, in recent times the rapid growth of international economic exchange has changed our lives. But when did this process of globalization begin, and what effects did it have on economies and societies? Pim de Zwart and Jan Luiten van Zanden argue that the networks of trade established after the voyages of Columbus and Da Gama of the late fifteenth century had transformative effects inaugurating the first era of globalization. The global flows of ships, people, money and commodities between 1500 and 1800 were substantial, and the re-alignment of production and distribution resulting from these connections had important consequences for demography, well-being, state formation and the long-term economic growth prospects of the societies involved in the newly created global economy. Whether early globalization had benign or malignant effects differed by region, but the world economy as we now know it originated in these changes in the early modern period.

The Origins of Globalization World Trade in the Making of the Global Economy 1500 1800 1st Table of contents:

1 Introduction

Globalization in the Early Modern Era

Early Globalization: The Capitalist World System

Dismissing Early Globalization

Transformation of the Global Economy

The Revival of Early Globalization

What Drove Early Globalization?

The Consequences of Early Globalization

Book Outline

Suggested Reading

2 Global Connections: Ships, Commodities and People

Introduction

Shipping and Transport Costs

Ships and Companies

Transportation Costs

The Flows of Silver

The Rise of Global Commodity Trade

Creating a Global Market

Commodity Price Convergence

Relative Price Developments

People on the Move

Voluntary Migrations

Forced Migrations

Summary: Migration vs Total Population

Conclusion

Suggested Reading

3 Consequences of Conquest in Latin America

Introduction

The Conquest and its Impact

The Transition Economies of Spanish America

Labour Supply and Real Wages

Transition to a Market Economy

Cities and Commodity Markets

Economic Growth

Plantation Economies in the Caribbean and Brazil

Conclusion

Suggested Reading

4 Africa and the Slave Trades

Introduction

Africa in the Global Economy

Exports

Imports

Functioning and Organization of the Slave Trade

Demographic Impact

Markets, Commercialization and Living Standards

State Formation and Fragmentation

The Legacy of the Slave Trades

Southern and Eastern Africa

Conclusion

Suggested Reading

5 Export-Led Development in North America

Introduction

Export Trade and Development

The North: Furs, Fish and Whales

The South: New Plantation Economies

Exports and Institutional Development

Native Americans and the Frontier

Real Wages, Income and its Distribution

Conclusion

Suggested Reading

6 Global Trade and Economic Decline in South Asia

Introduction

South Asia in the World Economy

The Portuguese Century?

Northern European Rivalry

Bullion for Goods

South Asia in the Intra­Asian Trade

Indian Merchants

Global vis-à-vis Asian Interactions

Indian Deindustrialization

Mughal Collapse and Colonialism

Declining Economic Fortunes

Conclusion

Suggested Reading

7 The ‘Age of Commerce’ In Southeast Asia

Introduction

An ‘Age of Commerce’ in Southeast Asia

Exports

Imports

European and Asian Trade

Conclusion: Wheels of Commerce

Demographic and Economic Development

Demographic Growth and Urbanization

Monetization and Commercialization

Economic Growth and Living Standards

Political Centralization

Conclusion

Suggested Reading

8 East Asia and the Limits of Globalization

Introduction

Centralized States

Large Economies

Demography

Economic Development and Standards of Living

Interaction with the Global Market

American Silver and the Chinese Money Supply

Commodity Trade from Canton

Silver for Silk

Conclusion

Suggested Reading

9 Europe and the Spoils of Globalization

Introduction

American Silver and the Price Revolution

Luxury Consumption and the ‘Industrious Revolution’

Institutional Change and Growth

Import Substitution and the Industrial Revolution

Stagnation in Eastern Europe and the Ottoman Empire

Conclusion

Suggested Reading

10 Conclusion

Global Currency

Global Production

Global Consumption

Global Populations

Global Cities

Global Divergence

Global Empires

Global Consequences

Notes

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Tags: Pim de Zwart, Jan Luiten van Zanden, The Origins, World Trade, Global Economy