The Economist (US), December 19th, 1998
The Dutch East India Company dominated the spice industry from the early 1600s to the late 1700s. The company's efforts to create a monopoly eventually caused the its downfall. Currently spice traders face a much different market. Successful merchants travel to the source of the spice to create joint ventures and quality assurance. By doing so the middleman is cut out and the market is volatile.
In 1602 they formed the Dutch East India Company (the Vereenigde Oost-Indische Compagnie, VOC), an association of merchants meant to reduce competition, share risk and realise economies of scale. Othe...
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