|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.|
|Department(s)||Rural and Environmental History|
|Publication type||Refereed Article in a scientific journal|
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.