Compare and contrast globalization as it existed in the late nineteenth century with globalization at the turn of the twenty-first century (i.e., today)

What will be an ideal response?

I would expect my students to address the following:
? That in percentage terms, a significant portion of world economic activity was engaged in trade in both periods.
? That in the prior period, trade was mostly in agricultural products and commodities, whereas today capital goods play an increasingly important role.
? That labor may have been more mobile in the past than it is today due to changes in immigration policies.
? That capital was mobile in both periods, but might be more so today, especially given new instruments.
? That changes in transportation and communication were significant in both periods in terms of reducing transaction costs and encouraging product and factor mobility.