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 …

The world trade system : trends and challenges / Jagdish Bhagwati, Pravin Krishna and Arvind Panagariya -- Issues in …