по
Journal Menu
> Issues > Rubrics > About journal > Authors > About the Journal > Requirements for publication > Editorial collegium > The editors and editorial board > Peer-review process > Policy of publication. Aims & Scope. > Article retraction > Ethics > Copyright & Licensing Policy > Digital archiving policy > Open Access Policy > Open access publishing costs > Article Identification Policy > Plagiarism check policy
Journals in science databases
About the Journal

В погоне за двумя зайцами поймай обоих сразу!
34 журнала издательства NOTA BENE входят одновременно и в ERIH PLUS, и в перечень изданий ВАК
При необходимости автору может быть предоставлена услуга срочной или сверхсрочной публикации!
MAIN PAGE > Back to contents
The meaning of Portuguese East India Company for liberalization of relations with the colonial Asia
Sapuntsov Andrey Leonidovich

Doctor of Economics

Senior Scientific Associate, Institute of Africa Studies of the Russian Academy of Sciences; Professor, the department of Financial Monitoring, National Research Nuclear University MEPhI (Moscow Engineering Physics Institute)

123001, Russia, g. Moscow, ul. Spiridonovka, d. 30/1

andrew@sapuntsov.ru

Abstract.

This article examines the problematic of formation of the Portuguese East India Company – representative of the first generation of transnational corporations that in the XVII century allowed combining the disparate European merchants in spice trade with Asia. The subject of this article is the events conducted by Portugal for the purpose of centralizing the activity of private entrepreneurs in Asian colonies and shifting away from the outlived colonial model based on dominance of the government in organization of foreign expeditions. It is demonstrated that government constructs of colonial administration started experiencing difficulties associated to the decline in motivation of the employed population, escalating bureaucratization, shortage of capital and slowdown in merchandise flow. The criteria of performance of the European East India Companies are introduced into the scientific discourse. The scientific novelty consist in the fact that based on generalizing the initiatives of the Portuguese on formation of their own East India Company institutionalized directly “from above” only in 1628, the author determines the causes of its incapability to integrate into the system of colonial administration due to the severe shortage of private capital and substantial difficulties in managing trading activities, as well as accumulation of assets abroad. It is concluded that despite the satisfactory results during the first years of work, the Portuguese East India Company experienced series of setbacks related to the low level of investment attractiveness for the merchants and number of shipwrecks, which led to dissolution of this organization in 1633. In the future, Portugal was not able to implement the system of colonial transnational companies.

Keywords: transnational corporation, colonization, expansion, Goa, Casa da ĺndia, East-India Company, Portugal, overseas trade, private capital, denationalization

DOI:

10.25136/2409-868X.2018.11.28033

Article was received:

19-11-2018


Review date:

16-11-2018


Publish date:

05-12-2018


This article written in Russian. You can find full text of article in Russian here .

References
1.
Fursov K.A. Ost-Indskie kompanii i korporatsii «deshevogo imperializma»: preemstvennost' i razlichiya // Ekonomika v perelomnye epokhi. Istoriya mirovoi ekonomiki, vyp. 6. Sbornik statei. M: IE RAN, 2017. S. 209–246.
2.
Antunes J.E., Torres N.P. On the Historical Origins of Portuguese Company Law. The First Portuguese East India Company (1628–1633) // VOC 1602–2002 – 400 Years of Company Law. Series Law of Business Finance VI / E. Gepken-Jager, G. Van Solinge, L. Timmerman Eds. Deventer: Kluwer Legal Publishers, 2005. P. 159–186.
3.
Castro F. In Search of Unique Iberian Design Concepts // Historical Archeology. 2008. Vol. 24, No. 2. P. 63–87.
4.
Castro F. Outfitting the Pepper Wreck // Historical Archeology. 2010. Vol. 44, No. 2. P. 14–34.
5.
Christian J.L. Portuguese India and its Historical Records // Hispanic American Historic Review. 1945. Vol. 25, No. 1. P. 140–151.
6.
Cruz M.D. From Flanders to Pernambuco: Battleground Perceptions in the Portuguese Early Modern Atlantic World // War in History. 2018. May. P. 1–26.
7.
Disney A.R. The First Portuguese India Company, 1628–33 // Economic History Review. 1997. Vol. 30, I. 2. P. 242–258.
8.
Gupta A. Collapse of the Portuguese Empire and the Dialectics of Liberation of Southern Africa // International Studies. 1975. Vol. 14, No. 1. P. 1–20.
9.
Halikowski Smith S. Languages of Subalternity and Collaboration: Portuguese in English Settlements across the Bay of Bengal, 1620–1800 // International Journal of Maritime History. 2016. Vol. 28, No. 2. P. 237–267.
10.
Hariharan S. Asian Maritime Trade – Portuguese and English Country Trade from Western India in the Eighteenth Century: A Study in Contrast // International Journal of Maritime History. 2006. Vol. 18, No. 1. P. 1–24.
11.
Jayasuriya S.S. The Portuguese in the East: A Cultural History of a Maritime Trading Empire. London: I.B. Tauris, 2008. XV, 212 p.
12.
Lima L.F.S. Between the New and the Old World: Iberian Prophecies and Imperial Projects in the Colonisation of the Early Modern Spanish and Portuguese Americas // Christians in the Trans-Atlantic World, 1500–1800 / A. Chrome Ed. London: Palgrave Macmillan, 2016. P. 33–64.
13.
Luca D. The Chinese Language in European Texts. The Early Period / Chinese Literature and Culture in the World. N.Y.: Palgrave Macmillan, 2016. XVI, 242 p.
14.
Marshall P.J. The Portuguese in Asia in British Historiography // Portuguese Studies. 2004. Vol. 20. P. 38–46.
15.
Pinto P.J., Roy R. The Portuguese and the Straits of Melaka, 1575–1619: Power, Trade and Diplomacy. Singapore: NUS Press, 2012. XXX, 375 p.
16.
Rei C. Incentives in Merchant Empires: Portuguese and Dutch Compensation Schemes // Cliometrica. 2013. Vol. 7. P. 1–13.
17.
Rei C. Merchant Empires // Handbook in Cliomentrics / C. Deibolt, M. Haupert Eds. Berlin: Springler-Verlag, 2018. P. 1–23.
18.
Rei C. The Organization of Eastern Merchant Empires // Explanations in Economic History. 2011. Vol. 48. P. 116–135.
19.
Robbins N. The Corporation that Changed the World. How the East India Company Shaped the Modern Multinational. London; Ann Arbor, MI, 2006. XV, 218 p.
20.
Santos Y. Portuguese Emigration, Sipping Companies and the State: The Business of migrant transport after the Belle Époque // International Journal of Maritime History. 2018. Vol. 30, No. 1. P. 74–89.
21.
Sidaway J.D., Power M. ‘The Tears of Portugal’: Empire, Identity, ‘Race’, and Destiny in Portuguese Geopolitical Narratives // Environment and Planning D: Society in Space. 2005. Vol. 23. P. 527–554.
22.
Silva C.R. Portuguese Encounters with Sri Lanka and the Maldives: Translated Texts from the Age of the Discoveries. Aldershort, VT: Ashgate Publishing, 2009. XXXIV, 248 p.
23.
Silvia C.R. The Portuguese East India Company 1628–1633 // Luso-Brasilian Review. 1974. Vol. 11, No. 2. P. 152–205.
24.
Souza G.B. Portuguese, Dutch and Chinese in Maritime Asia, c. 1585–1800: Merchants, Commodities and Commerce. Farham, VT: Ashgate Publishing, 2014. XX, 324 p
Link to this article

You can simply select and copy link from below text field.


Other our sites:
Official Website of NOTA BENE / Aurora Group s.r.o.
"History Illustrated" Website