China and the birth of globalization in the 16th century/ Dennis O. Flynn,Arturo Giraldez

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.