Synopsis
This book examines the role of Portuguese political economy during the 16th and 17th centuries. This period saw the Portuguese Empire expand across the globe and gain immense wealth through trade and conquest. However, despite this economic prosperity, the late 17th century saw Portugal's economic fortunes shift dramatically as the nation began losing its trading monopolies to the Dutch and English. The author traces the forces that led to this loss of status, arguing that Portugal's inability to develop its own domestic industries and reliance on foreign imports led to its economic decline. The book draws on a range of sources, including government documents, economic treatises, and personal accounts, to provide a comprehensive examination of Portuguese economic thought and policy during this period. The author's insights are valuable for understanding the challenges and opportunities facing nations seeking to navigate the changing global economy.
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