Bulut, Mehmet (2002) “The Role of the Ottoman and Dutch in the Commercial Integration between the Levant and Atlantic in the Seventeenth Century”, Journal of the Economic and Social History of the Orient, 45/2, 197-230.
Large trade volume and significant bullion transfer testify of the advanced integration between the Ottoman Empire and Europe in the early modern period (p.197). The discovery of the Cape route had gradually weakened the Ottoman position as Europe’s middleman, but by the end of the 16th century it remained significant (p.198). To replace the vanishing fiscal revenues, the Ottoman rulers granted trading privileges (the so-called capitulations) to European nations who were consequently attracted to the Levant ports. But these efforts were unable to limit the Rise of the West of which the commercial integration of the Levant and the Atlantic is a part (p.199). Read the rest of this entry »