China and the Birth of Globalization in the 16th Century

Including 11 essays published over the last 15 years, this volume by Dennis O. Flynn and Arturo Giráldez concerns the origins and early development of globalization. It opens with their 1995 "Silver Spoon" essay and a theoretical essay published in 2002. Subsequent sections deal with Pacific Ocean exchanges, interconnections between the Spanish, Ottoman, Japanese and Chinese empires, and the necessity of multidisciplinary approaches to global history. The volume follows the evolution of the authors' thinking concerning the central role of China in the global silver trade, as well as interrelations among silver and non-silver markets. It concludes with an argument for incorporating the work of all academic disciplines when attempting to understand the history of globalization, advocating an inclusive historical data base which recognizes contextual realities and an inductive process of reasoning.

Dennis O. Flynn is Alexander R. Heron Distinguished Professor of Economics at the University of the Pacific, USA; Arturo Giráldez is Professor of Modern Language and Literature (Spanish) at the University of the Pacific, USA

Contents: Introduction: from eurocentric price revolution to globalization's birthdate; Part A Overviews; Born with a 'silver spoon': the origin of world trade in 1571; Conceptualizing global economic history: the role of silver. Part B The Pacific as Linchpin of World Trade: Arbitrage, China, and world trade in the early modern period; Spanish profitability in the Pacific: the Philippines in the 16th and 17th centuries. Part C Winners and Losers in the Global Silver Trade: China and the Spanish empire; Imperial monetary policy in global perspective; Money and growth without development: the case of Ming China; Silver and Ottoman monetary history in global perspective. Part D Birth of Globalization Debate: Ecological, Economic, Epidemiological, and Demographic Interactions: Cycles of silver: global economic unity through the mid-18th century; Path dependence, time lags and the birth of globalisation: a critique of O'Rourke and Williamson; Born again: globalization's 16th-century origins (Asian/global versus European dynamics); Index.