Article

The Return to a Global Economy

Is Globalization Today Different from Globalization a Century Ago?

NOVEMBER 01, 2000 by IAN VÁSQUEZ

If we want to understand the current advance of global capitalism, it is worth remembering that a liberal international economic order has actually arisen twice, first at the end of the nineteenth century and now at the end of the twentieth.[1] In many ways, the world economy has simply caught up to where it was 100 years ago, prompting prominent economists to question whether the level of international integration is as high now as it was before the interruptions of two world wars and the Great Depression.