for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …

betroffenen Länder könnten sich abschotten und den Handel mit dem Rest der Welt deutlich einschränken. Doch die Regierungen hatten …