Publication: Statistics of Spain's colonial trade, 1747-1820: new estimates and comparisons with Great Britain
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2008
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Universidad Carlos III de Madrid. Instituto Laureano Figuerola
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Abstract
Una estimación de la balanza por cuenta corriente de España con sus
«Indias» abre nuevas perspectivas al debate sobre los objetivos y resultados
de la política comercial española. En pleno apogeo del «comercio libre» en
1784-92, los intereses privados españoles parecen haber extraído mayores
flujos financieros del imperio americano que sus homólogos británicos,
sobre la base estos últimos de una empresa colonial más amplia. En éste
como en otros aspectos, en vísperas de la guerra con Francia el Imperio
español parece haber logrado una mayor viabilidad económica de lo que
pudiera inferirse de apreciaciones recientes. El subsiguiente colapso del
imperio pudo haber obedecido a circunstancias geográficas y dinásticas en
mayor medida de lo que pudiera pensarse.
New estimates of Spain’s current-account balance with the «Indies» add new perspectives to the recent debate on the aims and results of Spanish commercial policy. At the height of «comercio libre» in 1784-92, Spain’s private commercial interests appear to have drawn larger financial returns from the Indies than did their British counterparts from wider colonial engagement. On this as on other scores, by the eve of the French wars the Spanish empire appears to have become a sounder economic proposition than might be inferred from recent pessimistic views. The empire’s subsequent demise may have involved a greater degree of geographical and dynastic accident than is seemingly apparent.
New estimates of Spain’s current-account balance with the «Indies» add new perspectives to the recent debate on the aims and results of Spanish commercial policy. At the height of «comercio libre» in 1784-92, Spain’s private commercial interests appear to have drawn larger financial returns from the Indies than did their British counterparts from wider colonial engagement. On this as on other scores, by the eve of the French wars the Spanish empire appears to have become a sounder economic proposition than might be inferred from recent pessimistic views. The empire’s subsequent demise may have involved a greater degree of geographical and dynastic accident than is seemingly apparent.
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Comercio colonial español, Comercio libre, Relaciones de intercambio, Balanza de pagos, Renta de aduanas, Comercio colonial de Gran Bretaña
Bibliographic citation
Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Año XXVI, invierno 2008, n. 3, pp. 353-354