After the Galleons: Foreign Trade, Economic Change and Entrepreneurship in the Nineteenth-Century Philippines
By Benito J. Legarda Jr.
Published by Ateneo de Manila University Press : Distributed in the Philippines exclusively by the Ateneo de Manila University Press and nonexclusively in Asia, and in the rest of the world, exclusively by the University of Wisconsin-Madison, Center for Southeast Asian Studies, ©1999.
Tracks the progress of Philippine foreign trade in the nineteenth century from the end of the galleon trade to the Philippine Revolution. Describes the great increase in the value of domestic exports with their progressive concentration in abaca and sugar, and the concentration of imports on textiles. Identifies the major trading partners (Britain, the U.S., China) and notes the minor part played by Spain. This shows how, unlike elsewhere in Southeast Asia, the driving forces behind the increase in trade and output were not government pressure or the plantation system, but incentives deriving from entrepreneurship and capital imports working through a system of flexible prices and exchange rates.
Description: 401 pages : illustrations ; 23 x 16 cm