Excerpt from The Interdependent World and Its ProblemsThis little book is based upon some lectures given in the Universities of Leeds and Liverpool during the spring of 1932. It is an attempt to bring out the profound political significance of the inspiring and terrifying world-crisis through which we are passing. Too few of us recognise that we are living in one of the most momentous periods of human history; and that the world may, in our lifetime, either pass into an era of secure peace and widely diffused prosperity, or be condemned to ruin and chaos, according as the governments of the world act wisely or foolishly. We have entered a new era, the era of world-interdependence; and this inter dependent world is threatened with chaos because it has not learnt how to adjust its institutions and its traditions of government to the new conditions. This tremendous problem of adjustment is the theme which I have tried to discuss in a tentative and exploratory fashion.