ABSTRACT
in many ways, industrial relations in their international aspects closely resemble those within countries, but there are also marked contrasts for which national frontiers are responsible. It is necessary, therefore, to review both the similarities and the differences. To those who envisage with Tennyson a “parliament of man” and a “federation of the world” in their most complete forms, capital, labour, and commodities would move freely throughout the world without the present obstructions and hindrances at national boundaries. Certainly Tennyson had no thought of a planned world economy in which mankind would break free from national bondage only to find itself in the chains of a supra-national despotism. Business men would establish their factories wherever they could get the best results, workpeople would move to the places where they could secure the best working conditions and standards of living, and, allowing for costs of transportation, goods would sell in those markets where they were in greatest demand.
