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The Asian trade revolution of the seventeenth century: the East India companies: and the decline of the caravan trade by Steensgaard, Niels, Steensgaard, N. is a book available to read on EtoBox.

What is The Asian trade revolution of the seventeenth century: the East India companies: and the decline of the caravan trade about?

In this work Neils Steensgaard combines an analytical economic approach with detailed historic scholarship to provide an imaginitive and important analysis of a central incident in modern world history. The event is the breaking of the Portuguese monopoly on Asian trade in the seventeenth century by English and Dutch mercantile interests. This change the author demonstrates, was not simply the triumph of the new powers over the old. Rather, the Dutch--English victory heralded a structural change in international trade: the triumph of entrepreneurial capitalism over the older economic mode of the'peddler-merchant.'Professor Steensgaard's study is divided into two major parts. The first examines the economic and political structure of the seventeenth century institutions in the Near East, Portugal, England, and the Netherlands. The author demonstrates that the rise to preeminence of the English and Dutch East India Companies over the Portuguese'State of India'was the result of the superior economic and bureaucratic organization of the former. The eclipse of Portuguese power in general, the author argues, is best understood as an institutional failure–an inability to adapt to changing

Author

Steensgaard, Niels, Steensgaard, N.

Publisher

Chicago: University of Chicago Press

Published

1974

Language

EN

ISBN

9780226771458

Subjects

Business, History, Finance