The development of a supranational economy calls for novel legal approaches to bridge the gaps created by national boundaries. These barriers are now too artificial with the increasingly accelerated pace of an ever-shrinking world of speedy, even instantaneous, communications, much more so than they were in the pre-Industrial Revolution era ending with the close of the eighteenth century.
To understand the possibilities of a supranational economy, it will be helpful to look briefly at history, because some intergroup action or economy has always existed among neighboring groups. It was usually the power of one group over another that controlled their relations through the enforcement of customs and law, even reaching back to the dim days of prehistoric man, but certainly so during the last six thousand years of known history.
The Common Market Twenty-First Century (with an International Franchising Assist),
3 Vanderbilt Law Review
Available at: https://scholarship.law.vanderbilt.edu/vjtl/vol3/iss2/1