(1994) and the GATS there is an incompatibility between measures of world trade in goods and services. Measures of goods … comparisons of services and goods trade, as in WTO (2007), are unsatisfactory. One can further argue that our perceptions of the …

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 …