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 most 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). Maximum 2500-3000 words