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This review is from: Imperial Spain 1469-1716 (Paperback)
This book covers administrative, economic and social history of the empire and does an excellent job at that.
However it assumes that you are familiar with the Spanish international political / military history and discusses impacts of involvement in foreign affairs without specifically describing details of those affairs. (For example, there's hardly any mention of the Italian Wars and you won't be able to figure out the extent of Habsburg-Ottoman conflict based solely on this book.) So, if you're more interested in international politics and warfare narrative, you should rather search elsewhere.