Following the series’ first book How Maritime Trade and the Indian Subcontinent Shaped the World, this book continues to demonstrate how maritime trade has been the key driver of the world’s wealth-creation, economic and intellectual progress. The story begins where the first book ends, when following Roman Empire collapse, 7th-century European maritime trade almost ceased, creating population collapse and poverty; the Dark Ages. In 700, stuttering, hesitant recovery was evident with new ports but Viking and Muslim maritime raiding neutered recovery until the 11th century. In Asia by contrast, short and long-haul trade thrived and accelerated from east Africa and the Persian Gulf all the way to China, encouraging Southeast Asian state formation. The book tells the story of slowly rising, gradually accelerating European maritime trade, which until the 15th century was overshadowed by far more voluminous Asian trade in much larger, more complex ships traded by more sophisticated commercial entities, contributing to innovative tolerant wealth-creating maritime societies. In Europe, Mediterranean maritime trade made most progress from about 1000 to 1450. But by 1700, north Europeans dominated Atlantic, American and Mediterranean trade and were penetrating sophisticated Asian maritime networks, a complete reversal. This book explains how and why and how destructive continental influences destroyed Asia’s maritime supremacy. As in the first book, Nick Collins finds similar patterns; maritime inquisitiveness, invention, problem-solving and toleration and continental political suppression of those maritime traits, most dramatically in China, but destructively everywhere, allowing the millennium maritime trade revolution.

World-wide maritime trade has been the essential driver of wealth-creation, economic progress and global human contact. Trade and exchange of ideas have been at the heart of economic, social, political, cultural and religious life and maritime international law. These claims are borne out by the history of maritime trade beginning in the Indian Ocean and connecting to Southeast Asia, Japan, the Americas, East Africa, the Middle East especially the Persian Gulf, the Mediterranean and Europe. This development predates the end of the Ice Age with worldwide flooding and stimulated the establishment of land-based civilizations in the above regions with particular effect on the Greek and Roman empires and even China's 'Celestial' empire. The Indian subcontinent was the original major player in maritime trade, linking oceans and regions. Global maritime trade declined with the fall of Mediterranean empires and the 'dark age' in Europe but revived with Indian Ocean and Asian maritime networks. Shipping and trade studies are hugely practical but can be technical, legalistic and even dull for non-specialists. But this history is a broadly based and exciting account of human interaction at multiple levels, for general readers, specialists and practitioners. It is based on huge reading and rare sources and with an attractive writing style, and full of fascinating sidelights illuminating the historical narrative - and from an author with lifelong experience in international shipping.

Now in its second edition Maritime Economics provides a valuable introduction to the organisation and workings of the global shipping industry. The author outlines the economic theory as well as many of the operational practicalities involved. Extensively revised for the new edition, the book has many clear illustrations and tables. Topics covered include: * an overview of international trade * Maritime Law * economic organisation and principles * financing ships and shipping companies * market research and forecasting.

Between the twelfth and sixteenth centuries, a distinct form of Islamic thought and practice developed among Muslim trading communities of the Indian Ocean. Sebastian R. Prange argues that this 'Monsoon Islam' was shaped by merchants not sultans, forged by commercial imperatives rather than in battle, and defined by the reality of Muslims living within non-Muslim societies. Focusing on India's Malabar Coast, the much-fabled 'land of pepper', Prange provides a case study of how Monsoon Islam developed in response to concrete economic, socio-religious, and political challenges. Because communities of Muslim merchants across the Indian Ocean were part of shared commercial, scholarly, and political networks, developments on the Malabar Coast illustrate a broader, trans-oceanic history of the evolution of Islam across monsoon Asia. This history is told through four spaces that are examined in their physical manifestations as well as symbolic meanings: the Port, the Mosque, the Palace, and the Sea.

Throughout this anthropological history, Radding presents multilayered meanings of culture, community, and ecology, and discusses both the colonial policies to which peasant communities were subjected and the responses they developed to adapt and resist them.

The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.