2016
DOI: 10.1017/s0022050716000553
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Globalization in the Early Modern Era: New Evidence from the Dutch-Asiatic Trade, c. 1600–1800

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,… Show more

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Cited by 45 publications
(5 citation statements)
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“…Invasion success on islands has been shown to be especially high given their ecology and eco-evolutionary history, which further explains high compositional similarity of the alien floras of these regions 10 . For the Dutch Empire, central regions in the Indo-Malay realm (especially, West Bengal, Tamil Nadu, Andhra Pradesh, Sumatra, Java & peninsular Malaysia) coincide strongly with trade activities by the Dutch East India Trading Company (VOC), which dominated the European trade with Asia from the mid-17 th century to the late 18 th century 55,56 . South Africa (as part of the former Cape Colony) was also an important region for the Dutch Empire, as it was one of the few regions where the Dutch established extensive settlements and it was an important stopover of the VOC between the Netherlands and Java 56 .…”
Section: Central Regions Within An Empire (H3)mentioning
confidence: 99%
“…Invasion success on islands has been shown to be especially high given their ecology and eco-evolutionary history, which further explains high compositional similarity of the alien floras of these regions 10 . For the Dutch Empire, central regions in the Indo-Malay realm (especially, West Bengal, Tamil Nadu, Andhra Pradesh, Sumatra, Java & peninsular Malaysia) coincide strongly with trade activities by the Dutch East India Trading Company (VOC), which dominated the European trade with Asia from the mid-17 th century to the late 18 th century 55,56 . South Africa (as part of the former Cape Colony) was also an important region for the Dutch Empire, as it was one of the few regions where the Dutch established extensive settlements and it was an important stopover of the VOC between the Netherlands and Java 56 .…”
Section: Central Regions Within An Empire (H3)mentioning
confidence: 99%
“…Based on data offered by Yuste (1995) for 61 textile items in 1778, our estimate of the factor of price increase (unweighted average) from Manila to Acapulco is 2.7. This figure is not especially high: « prices in Europe for many of these [Asian] products still over double those in Asia even in the late eighteenth century » (De Zwart 2016a, p. 50).…”
Section: Why Commoners Could Participate In the 18th-century Consumer...mentioning
confidence: 99%
“…It seems as if the SEIC was crucial for creating the distinct Scottish taste for the more pricy Congo. In our analysis of the value added from the SEIC's Asia trade, we have used established English tea price series (Clark, 2006;de Zwart, 2016;Yong, 2007) that do not differentiate between tea qualities as a benchmark. If, as previous scholarship thus suggests, the tea traded by the SEIC on average was of a higher quality, we might therefore underestimate the value-added involved in the business of re-exporting the Asian teas.…”
Section: Calculation Of Value-addedmentioning
confidence: 99%