'Globalisation' is the buzzword of the 1990s. VI Lenin's was one of the first attempts to account for the increasing importance of the world market in the twentieth century. Originally published in 1916, explains how colonialism and the First World War were inherent features of the global development of the capitalist economy. In a new introduction, Norman Lewis and James Malone contrast Lenin's approach with that adopted by contemporary theories of globalisation. They argue that, while much has changed since Lenin wrote, his theoretical framework remains the best method for understanding recent global developments.