This article aims to analyse some of the multilateral flows of capital that contributed to weaving a Global South during the second half of the eighteenth century. It specifically revisits the functioning and financing of the Portuguese slave trade from a global perspective, and offers insights for assessing older frameworks that explain it, in either triangular or bilateral terms. The article argues that the Portuguese slave traffic should be liberated from the South Atlantic borders to which it has been confined. In so doing, it offers an Atlantic history in a global perspective, disclosing the connections between the Atlantic and Indian oceans. Putting the financing of the slave trade into a larger global perspective helps to more accurately explain how it actually operated in terms of the organization of trade. When the financial and institutional foundations of Asian and African trade are analysed together, it becomes evident that they were part of larger networks and capital flows, both westwards and eastwards, which were not just framed imperially or locally.

中文翻译：

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连接大西洋和印度洋：亚洲纺织品、西班牙白银、全球资本以及葡萄牙-巴西奴隶贸易的融资（c.1760-1808）

本文旨在分析 18 世纪下半叶有助于编织全球南方的一些多边资本流动。它专门从全球角度重新审视了葡萄牙奴隶贸易的运作和融资，并为评估以三角或双边术语解释它的旧框架提供了见解。文章认为，葡萄牙奴隶贩卖应该从它所限制的南大西洋边界解放出来。通过这样做，它提供了全球视角的大西洋历史，揭示了大西洋和印度洋之间的联系。将奴隶贸易融资置于更大的全球视野有助于更准确地解释其在贸易组织方面的实际运作方式。