... Holland. Some would say the world was as globalised 100 years ago as it is today, with international trade and migration. But the 1930s depression put paid to that. Nation states drew back into their shell on realising that international markets could deliver untold misery in the form of poverty and unemployment. The resolve of Western states to build and strengthen international ties in the aftermath of World War II laid the groundwork for today's globalisation. It has brought diminishing national borders and the fusing of individual national markets. The fall of protectionist barriers has stimulated free movement of capital and paved the way for companies to set up several bases around the world. The rise of the internet and recent advances in telecommunications have boosted the already surging train. For consumers and avowed capitalists, this is largely a good thing. Vigorous trade has made for more choice in ...

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