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This chapter discusses textile trading and smuggling in the mideighteenth century by using several invaluable and newly discovered resources. Following the economic difficulties arising from the wars during the reign of Louis XIV (1643-1715) and the War of the Spanish Succession (1701-1714), a series of reports, consular reports, and memoirs related to the markets of Spanish America were produced. 1 Charles Weiss (1844), in his L´Espagne depuis le règne de Philippe II jusqu´à l´avènement des Bourbons -which was translated into Spanish in 1846-for example, used the Mémoire du comte de Rébenac (1689) from the Manuscrits Français de la Bibliothèque du roi. Weiss first included 1 Some of these manuscripts are in the Foreign Affairs Archives, in Spain and France.

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Esta es la versión de autor del artículo publicado en: This is an author produced version of a paper published in: We analyze the historical processes underlying this last empirical finding: peacetime periods, monetary arrangements, trade and investment flows, and industrial boosts are confluent forces driving the economic dynamism. After 1950, we observe a common business cycle factor that groups all economies, which is consistent with the consolidation of the so-called second globalization.

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