 It may seem obvious to say that, today, we live in a global world, and it is certainly true that international trade among all the nations and regions of the world is nothing new. From the Phoenicians, through the Egyptians, the Greeks and the Carthaginians, the Chinese, the Vikings, the Omanis, the Spaniards, the Portuguese, the Italians, the British, the French, the Dutch, the Polynesians and Celts, the history of the world is a history of exploration, conquest and trade by sea. But there is no doubt that we have now entered a new era of global interdependence from which there can be no turning back. In today’s world, national boundaries offer little impediment to multi-national corporations: automobiles with far-eastern brands are not only sold but also assembled in Europe, while European brands are assembled and sold in North America; “western” energy companies invest millions of dollars in Asia and the far-east and the strategy and investment decisions they make can affect millions of people all over the world.
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