Now a second era of globalisation has arrived, allowing other parts of the world notably Asia to catch up with Europe and North America, which had leaped so far ahead in the 19th and early 20th centuries.
He is acutely aware that the world has arrived at the end of the second era of globalisation without a plan and may fall back on the remedies of the first such era that produced even greater chaos than we are now witnessing.
Ms Mann concludes that if IT software sees falls in prices, thanks to globalisation, similar to those that IT hardware has seen, then the second wave of productivity gains notably in the service sector could be greater than the first, which was based mainly on manufacturing.