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