Write an essay comparing as well as contrasting the early modern global economy of trading empires with the modern globalized economy that emerged over the past century. Your essay most consider however not be limited to such issues as free trade vs closed trading networks as well as monopolies, economic philosophies stressing scarcity vs. perpetual abundance, the role of the state in creating both kinds of systems, types of trade items (precious good vs. industrial as well as consumer goods for example). Maximum 2500-3000 words