The Origins of Globalization: World Trade in the Making of the Global Economy, 1500–1800 (New Approaches to Economic and Social History)

<p>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.</p>

Business & Money

Van Zanden, Jan Luiten

de Zwart, Pim

Economics

Cambridge University Press

In Globalization and the Colonial Origins of the Great Divergence Pim de Zwart examines the Dutch East India Company s intercontinental trade and its effects on living standards in various regions on the edges of the Indian Ocean in the seventeenth and eighteenth centuries. Contrary to conventional views, De Zwart finds significant evidence of the integration of global commodity markets, an important dimension of globalization, before the 1800s. The effects of this globalization, and the associated colonialism, were diverse and could vary between and within regions. As globalization and colonialism affected patterns of economic development across the globe they played a part in the rise of global economic inequality, known as the Great Divergence, in the early modern period."

Globalization and the Colonial Origins of the Great Divergence: Intercontinental Trade and Living Standards in the Dutch East India Company’s ... C. 1600-1800 (Global Economic History, 11)

Brill Academic Pub

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