A historical look at the early evolution of global trade and how this
led to the creation and dominance of the European business corporation
Before the seventeenth century, trade across Eurasia was mostly
conducted in short segments along the Silk Route and Indian Ocean.
Business was organized in family firms, merchant networks, and
state-owned enterprises, and dominated by Chinese, Indian, and Arabic
traders. However, around 1600 the first two joint-stock corporations,
the English and Dutch East India Companies, were established. Going
the Distance tells the story of overland and maritime trade without
Europeans, of European Cape Route trade without corporations, and of
how new, large-scale, and impersonal organizations arose in Europe to
control long-distance trade for more than three centuries. Ron Harris
shows that by 1700, the scene and methods for global trade had
dramatically changed: Dutch and English merchants shepherded goods
directly from China and India to northwestern Europe. To understand
this transformation, Harris compares the organizational forms used in
four major regions: China, India, the Middle East, and Western Europe.
The English and Dutch were the last to leap into Eurasian trade, and
they innovated in order to compete. They raised capital from passive
investors through impersonal stock markets and their joint-stock
corporations deployed more capital, ships, and agents to deliver goods
from their origins to consumers. Going the Distance explores the
history behind a cornerstone of the modern economy, and how this
organizational revolution contributed to the formation of global trade
and the creation of the business corporation as a key factor in
Europe’s economic rise.
Les mer
Eurasian Trade and the Rise of the Business Corporation, 1400-1700
Produktdetaljer
ISBN
9780691185804
Publisert
2019
Utgiver
Vendor
Princeton University Press
Språk
Product language
Engelsk
Format
Product format
Digital bok
Forfatter