This accessible introduction to the world economy and to the theory and practice of globalization argues that key … reviews and combines insights from both literatures and applies them to real-world issues, clearly explaining the main …

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 …