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Globalization in the Early Modern Era: New Evidence from the Dutch-Asiatic Trade, c. 1600–1800

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  • de Zwart, Pim

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.

Suggested Citation

  • de Zwart, Pim, 2016. "Globalization in the Early Modern Era: New Evidence from the Dutch-Asiatic Trade, c. 1600–1800," The Journal of Economic History, Cambridge University Press, vol. 76(2), pages 520-558, June.
    • Handle: RePEc:cup:jechis:v:76:y:2016:i:02:p:520-558_00
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    Cited by:

    1. Kevin Hjortshøj O'Rourke, 2018. "Economic history and contemporary challenges to globalization," Oxford Economic and Social History Working Papers _167, University of Oxford, Department of Economics.
    2. Bassino, Jean-Pascal & van der Eng, Pierre, 2019. "Japan and the Asian Divergence: Market Integration, Climate Anomalies and Famines during the 18th and 19th Centuries," CEI Working Paper Series 2018-18, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    3. Frankema, Ewout & van Waijenburg, Marlous, 2019. "The Great Convergence. Skill Accumulation and Mass Education in Africa and Asia, 1870-2010," CEPR Discussion Papers 14150, C.E.P.R. Discussion Papers.
    4. O’Rourke, Kevin Hjortshøj, 2019. "Economic History and Contemporary Challenges to Globalization," The Journal of Economic History, Cambridge University Press, vol. 79(2), pages 356-382, June.
    5. Klas Rönnbäck & Dimitrios Theodoridis, 2019. "African agricultural productivity and the transatlantic slave trade: evidence from Senegambia in the nineteenth century," Economic History Review, Economic History Society, vol. 72(1), pages 209-232, February.
    6. Peter H. Lindert, 2016. "Purchasing Power Disparity before 1914," NBER Working Papers 22896, National Bureau of Economic Research, Inc.

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