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  • After the Galleons: Foreign Trade, Economic Change and Entrepreneurship in the Nineteenth-Century Philippines

    After the Galleons: Foreign Trade, Economic Change and Entrepreneurship in the Nineteenth-Century Philippines

    Benito Legarda

    Winner, Gintong Aklat Award, Social Science, 2000
    The book tracks the progress of Philippine foreign trade in the 19th century from the end of the galleon trade to the Philippine Revolution. It describes the great increase in the value of domestic exports with their progressive concentration on abaca and sugar, and the concentration of imports on textiles. It also 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.
    Quezon City: Ateneo de Manila University Press, 1999
    ISBN: 971-550-331-4
    401 pages

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