“The fall of the Ming dynasty,” writes Timothy Brook in his fascinating new monograph The Price of Collapse: The Little Ice Age and the Fall of Ming China, “has traditionally been narrated as a period of political factionalism, failed administration, dwindling tax revenues, and rural rebellion, all of which has been shrouded by the larger judgment of moral failure.” Attaching this transformational event instead to the Little Ice Age—a centuries-long cold snap that intensified in the early 1600s—is, after a moment’s thought, pretty self-evident. The contribution of the book is not so much the correlation (which has been noted before) given in the (admittedly engaging) title, but rather Brook’s systematic and rigorous use of price data to build a picture of what was going on.

Whether the Manila Galleon—the crossings between Manila and Acapulco that began three-quarters of the way through the 16th century—really ushered what has since come to be called “globalization” remains a matter of some debate, but one which depends more on what is considered globalization rather than the global significance of this trade itself.

Since the English edition of this book first came into my possession, it seemed obvious to me that it should be published in Spanish. Fortunately, after some frustrated attempts, the ever-ready publisher Siruela saw fit to take it on. It is a small book and, therefore, doubly interesting, and not only because of what Baltasar Gracián summed up with the sparkling phrase: “Lo bueno, si breve, dos veces bueno” (“what is good, if brief, is good twice over”). There is another factor, or perhaps two, to take into account. The first is that La Plata y el Pacífico illuminates an essential chapter of universal history, that is, the first stage of economic globalization along the axis of the Pacific via the Manila Galleon or Nao de China, an episode largely unknown to the wider public, whether of English-, Spanish- or Chinese-speaking backgrounds.

La plata y el Pacífico China, Hispanoamérica y el nacimiento de la globalización, 1565-1815, Peter Gordon, Juan José Morales (Siruela, June 2022)
La plata y el Pacífico: China, Hispanoamérica y el nacimiento de la globalización, 1565-1815, Peter Gordon, Juan José Morales (Siruela, June 2022)

The Spanish translation of The Silver Way: China, Spanish America and the Birth of Globalisation, 1565–1815—the story of the Manila Galleon—with a new introduction by Elvira Roca Barea: “It explains to us not only what it meant in the past but what it still means today to understand the present and even the future of relations between East and West, and very especially, China’s relationship with Latin America.”

If any journalist has a claim to be the doyen of the international press corps in East Asia, it would be Philip Bowring. In this timely book, he turns his gaze on the Philippines, just now in the throes of an election for a replacement to the controversial Rodrigo Duterte. Any election can be consequential, but Bowring says this time around, there is “no escaping the need of the country to overcome seven decades of under-performance in social and economic spheres compared with almost all its east and southeast Asian neighbours.”

It is not unusual for journalists from leading publications to turn their hand to books, but it is less usual for such books to have started off in Chinese. Jin Xu is senior editor and chief financial commentator at the Financial Times Chinese and her 2017 monetary history of China, Empire of Silver, has just been released in English in a translation from the well-regarded Stacy Mosher.