Skip to main content Accessibility help
×
Hostname: page-component-76dd75c94c-sgvz2 Total loading time: 0 Render date: 2024-04-30T08:08:55.017Z Has data issue: false hasContentIssue false

5 - Patterns of circulation and business organization in two merchant networks

Published online by Cambridge University Press:  22 October 2009

Claude Markovits
Affiliation:
Centre National de la Recherche Scientifique (CNRS), Paris
Get access

Summary

The Shikarpuri and Hyderabadi networks displayed largely similar spatial configurations, in which the network centres were separated from the actual places of business by vast distances. This spatial configuration in its turn largely shaped the way business was organized. Although such a physical separation between the network centres and the actual places of business was not unique to those two networks, the solutions elaborated by the merchants of Sind to deal with the problem were fairly specific. The major device used by the Shikarpuri merchants, who were the first in the field, was a system of partnership known as the shah-gumastha; the Hyderabadi merchants adopted it at first, but gradually modified it. Distance, with the attendant problems of communication it posed, dictated a pattern of functional specialization, by which only a limited number of financial operations, such as accounting, took place in the network centres, while all the commercial operations and some types of financial operations were performed in the actual place of business. This dissociation implied a pattern of regular circulation between the two poles. This was a multiform and multilayered circulation, in which financial and manpower flows did not move along the same lines. While capital flowed unidirectionally from the centres to the actual places of business (to return only in the form of remitted profits), manpower constantly moved to and fro between the two poles.

Type
Chapter
Information
The Global World of Indian Merchants, 1750–1947
Traders of Sind from Bukhara to Panama
, pp. 156 - 184
Publisher: Cambridge University Press
Print publication year: 2000

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×