The Galleon Trade and Its Impact on the Early Modern Philippine Economy

• 발행기관: 연세대학교 동서문제연구원
• 저자명: Dong-Yeob Kim
• 간행물 정보: 『동서연구』제24권 1호, 1~30쪽, 전체 30쪽
• 주제분류: 사회과학 > 지역학
• 파일형태: PDF
• 발행일자: 2012.03.20

영문 초록

This study examined the impact of the galleon trade on the changes of the early modern Philippine Economy through assessing three specific elements of merchant capitalism: emergence of the merchant class, changes in the mode of production, and growth of a market economy. It has been argued that the monopolistic practice of the galleon trade undermined the great potential of Manila to be a prosperous entrepôt, and left a minimum impact on the Philippine economy. Contrarily, this study argues that the galleon trade left a significant impact on the early modern Philippine economy in the historical context of merchant capitalism. It caused the influx of traders and artisans to the Philippines, and they became the progenitor of the Philippine merchant class. It changed the pattern of local production from the primitive agricultural one to a capitalist one. It also contributed to the growing market economy in the Philippines by introducing cash transaction. However, the changes did not result in capital accumulation that might lift up the Philippine economy to the next stage of capitalist development. The reason could be found in the economic condition imposed by the colonial environment.

목차

Ⅰ. Introduction

Ⅱ. Pre-Colonial Philippine Economy

Ⅲ. The Galleon Trade 7) : Background and Practice

Ⅳ. The Changes of the Philippine Economy

Ⅴ. Conclusion

키워드

Galleon Trade Philippine Economy Early Modern Era Spanish Colony Merchant Capitalism