ABSTRACT
In 1902 an American banker, Frank Vanderlip, embraced a German economist’s statement about what we might call globalization: about how
the perfect and instant communication between distant parts of the world, the cheapening of transportation, the wider knowledge of every country, its products and its needs, have brought about an interdependence of nations that is now almost as great as the [domestic] dependence of one class or industrial workers on another.
