Economics is more important today than it has ever been. Foreign policy is increasingly driven by commercial considerations. Economic strength gives incomparably more political influence than military strength. Globalisation is irreversible. The conquest of markets is now much more important than the conquest of territory. Growing economic interdependence is rapidly rendering war obsolete. Economic interdependence, not military strategy, is today the chief guarantor of security. The information revolution is creating a borderless world in which the nation-state is no longer a meaningful unit of economic activity. The state, indeed, is becoming a ‘nostalgic fiction’
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Spyros Economides
Peter Wilson
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