AUA Why Nations Fail - Daron Acemoglu | Page 286

West. As the Portuguese traveler Tomé Pires put it in 1515: “The trade and commerce between the different nations for a thousand leagues on every hand must come to Melaka … Whoever is lord of Melaka has his hands at the throat of Venice.” With Melaka in their hands, the Portuguese systematically tried to gain a monopoly of the valuable spice trade. They failed. The opponents they faced were not negligible. Between the fourteenth and sixteenth centuries, there was a great deal of economic development in Southeast Asia based on trade in spices. City-states such as Aceh, Banten, Melaka, Makassar, Pegu, and Brunei expanded rapidly, producing and exporting spices along with other products such as hardwoods. These states had absolutist forms of government similar to those in Europe in the same period. The development of