While many historians and economists have contended that globalization began in the 21st century, financial theorist and historian Bernstein argues that the phenomenon began substantially earlier and has evolved over time. The author asserts that globalization had its true beginnings in the operations of the English and Dutch East India companies, and delves into the history and frequently complex mechanisms of trade among nations. He also makes it abundantly clear that while trade has improved the overall welfare of mankind, it also created great disparities of wealth and its attendant consequences. An interesting and very readable book. Annotation ©2009 Book News, Inc., Portland, OR (booknews.com)