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10 - Patterns of Iberian Economic Growth in the Early Modern Period

from Part II - Globalization and Enlightenment, 1500–1800

Published online by Cambridge University Press:  22 February 2024

Pedro Lains
Affiliation:
Universidade de Lisboa
Leonor Freire Costa
Affiliation:
Universidade de Lisboa
Regina Grafe
Affiliation:
European University Institute, Florence
Alfonso Herranz-Loncán
Affiliation:
Universitat de Barcelona
David Igual-Luis
Affiliation:
Universidad de Castilla-La Mancha
Vicente Pinilla
Affiliation:
Universidad de Zaragoza
Hermínia Vasconcelos Vilar
Affiliation:
Universidade de Évora, Portugal
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Summary

Around 1500 Spain and Portugal were among the most affluent nations in the world, and had income levels that were similar to those of other Western European countries. Three hundred years later the Iberian economies had lost their economic supremacy and fell behind all the main European powers. When did the first two global empires in history lose their hegemony to become secondary actors? What were the foundations of the collapse that explains the divergence from north-western Europe? This chapter addresses these issues and describes what is now known about the long-term trends of Iberian economies between 1500 and 1800.

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Publisher: Cambridge University Press
Print publication year: 2024

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