Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Looking at the history of trade, the economic elite have usually lived in a "Global Economy" through the transportation of high-value goods.  The Silk Road was the means by which luxury goods were transported across Eurasia.  The Viking trade routes across northern Europe and down the Russian river to Byzantium.  The Spice Trade of the 16th century.  

As the trade routes became better known and technology improved, compare the knorr of the Vikings to the clipper ships on the tea run, it became profitable to ship 'down market' goods and eventually mass-market goods.  One decided benefit to this process was a local crop failure no longer meant local starvation as was common previously.

Today, of course, everything is shipped everywhere.

I argue the economic hardship of the 1930s created a hiccup in a long standing trend.  We're not at the end of an Era but, rather, entering a period when the international trade system is being subjected to feedback shocks such as rising fuel costs, relocation of product points of origination, and systematic financial shocks such as the fall in the US dollar.

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Fri Aug 15th, 2008 at 10:02:31 AM EST

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