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Record number 506825
Title Globalization in the early modern era : New evidence from the Dutch-Asiatic Trade, c. 1600-1800
Author(s) Zwart, Pim de
Source Journal of Economic History 76 (2016)2. - ISSN 0022-0507 - p. 520 - 558.
DOI http://dx.doi.org/10.1017/S0022050716000553
Department(s) Rural and Environmental History
Publication type Refereed Article in a scientific journal
Publication year 2016
Abstract

This article contributes to the ongoing debate on the origins of globalization. It examines the process of commodity price convergence, an indicator of globalization, between Europe and Asia on the basis of newly obtained price data from the Dutch East India Company (VOC) archives. Prices for many commodities in the Dutch-Asiatic trade converged already in the seventeenth and eighteenth centuries as a result of the growth of trade and competition among traders and companies. The extent of convergence, however, was determined, in part, by the ability of the VOC to control commodity markets.

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