Most of the "global village" arguments are, of course, based on the realities of International Trade.
The
p-r-e-s-e-n-t(!) "realities" of International Trade, unfortunately, are based on a "Faustian Bargain" that is, at long long last, about to change ...
forever.
At the present moment, the United States of America enjoys an improbably-privileged status that it has done nothing in the past sixty years to actually
earn: the status of the United States Dollar as a "world reserve currency" today being used to denominate more than 60 percent of the world's transactions ... even though the US is the
buyer, not(!!) the
seller, in nearly all of the transactions which involve itself.
Therefore, if China wants to buy steel, or to sell microelectronics, it
must use
someone else's currency in that transaction. (At the present moment, it is not allowed to do the very-obvious thing: to use its own.) That currency will probably be: United States Dollars.
But meanwhile, guess what The United States is doing? You guessed it! They're
printing Dollars. Multiple millions of them, every minute, 24/7/365. But they are
not exercising that privilege "just" to maintain liquidity. Nope. They're using it to
buy things. Spending "dollars that cost
them nothing," on a market in which dollars
are expensive to everybody else. Including China and Japan.
... these two countries today being the source of
most American consumer goods, and
all microelectronics.
... these two countries also being the holders of massive "American-dollar debts" which are the result of sending ships
full of goods to a country that returns those ships ... full of
rocks. 
Very, very soon, this "gross(!) inequity" will be remedied: China will become entitled to be paid for its own business transactions directly in its own currency. "The Great American money-printing press" will, at last, be unplugged. Prices in "We Sell for Less, Always" could multiply overnight, even as Apple finds that it can no longer afford to import its Macintoshes and iPhones.
The situation will stabilize ... these are
businessmen, after all ... but it will never again stabilize under
American terms.
"Henceforth, if you 'print millions of currency-units per second,' you will 'suffer Hyper-Inflation,' exactly as we "until now, 'everyone else on this planet but You" would have done. Guess what: your 'Get Out Of Jail Free' card is now revoked ..."
Nope. It won't be pretty.
Until the United States realizes, once again, that "
the one and only place where the Dollar is still Worth A Dollar is ..."
And, meanwhile: the IP-Addresses will not change . . .
(Probably not bad until it rains?) 
