Globalization Isn't New

by Don Boudreaux on May 22, 2005

in History, Trade

The proudly independent states found themselves interdependent as never before, increasingly bound in one economic web, and forming a vast theater of interrelated politics, wars, law, literature, and art.

The above quotation could be a description penned in 2005 of the current trend of globalization.  But it isn’t.

It’s a description, written by historian Will Durant in 1957, of Europe in the mid-16th century.

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