People didn't need passports for a lot of travel. So a lot of people said, well, it's just a reversion to the 19th century. That debate is now over. We can be quite sure that the current phase of globalization is not just a repetition of the late 19th century. Globalization now is much more intense.
Technology is much more developed.
You had nothing like global money markets previously. The latest estimates suggest there are about two trillion dollars turned over on global money markets every day. The second globalization debate is now upon us, and it's no longer just an academic debate. It's in the streets, as we know since Seattle, since the meetings in Washington, since the carnival against capitalism in London, and similar kinds of events all over the world. It's plainly had a lot of positive developments in producing a more interdependent world.