In Global Capitalism:

In Global Capitalism: Its Fall and Rise in the Twentieth Century, Frieden implicitly argues that the globalization of the early twenty-first century is not new in world history, reasoning that capitalism was previously "global" in the late nineteenth and early twentieth centuries. Do you agree or disagree with this argument? Why or why not? As part of your answer, please discuss some of the similarities and differences between the global capitalism of the last century and the globalization of the past twenty years.