Certain stages of the European expansion process into Asia during the Age of Commercial Capitalism lend themselves well to the comparative historical approach because of the startling similarities and contrasts they offer. The Dutch and English commercial leaps forward into the Orient, for instance, occurred at the same time in the organisational framework of chartered East India Companies - the English East India Company (EIC) and the Dutch Verenigde Oostindische Compagnie (VOC) — which, moreover, chose the same theatre of action: Southeast Asia (Banten, Spice Islands) and South Asia (Surat and Coromandel). But although the aims, modes of operation and organisation of the two companies had much in common, these nonetheless each finally carved out their own sphere of influence in the trading world of Asia - the Dutch in Southeast Asia and the English in South Asia. While this consolidation process was taking place, the EIC and VOC gradually shed their semblance of being purely maritime trading organisations and, towards the second half of the eighteenth century, acquired the character of territorial powers. A shift in the balance of power also occurred between the two companies: if the Dutch were still paramount in the seventeenth century, the English totally overshadowed them as powerbrokers in Asian waters during the eighteenth. Did this transition of maritime hegemony occur gradually or should we rather speak of a ‘passage brusque et rapide’ as Fernand Braudel has suggested? Was it, as the traditional explanation has it, the inevitable outcome of the decline of the Dutch Republic to a second-rate power in Europe, or were local Asian developments, be they political or commercial, also involved?
India's Developing Relationship with South Korea: A Useful Friend in East Asia
