The second chance, open to the Asiatic industrial, that of competing with White labour in neutral markets, of cutting into the export trade of his rivals, is greater. But even it is being constantly limited by the tendency to-day which makes for the linking up of various nations into groups for mutual benefit in matters of trade; and which also makes for the gradual absorption of independent markets into the sphere of influence of one or other group. Some students of tariff subjects foresee the day when a nation will rely for export markets on dominions actually under its sway and on a strictly limited entrance to foreign markets paid for by reciprocal concessions. They foresee the whole world divided up into a limited number of "spheres of influence" and no areas left for free competition of traders of rival nations. Under such circumstances a Power would have free and full entry only into those territories actually under its sway. Into other markets its entry would be restricted by local national considerations and also by the interests of the Imperial system having dominion there. Present facts certainly point to the dwindling of neutral markets. An effort is constantly made by "open-door" agreements to keep new markets from being monopolised by any one Power, and great nations have shown their appreciation of the importance of keeping some markets "open" by intimations of their willingness to fight for the "open door" in some quarter or other of the world. Nevertheless doors continue to be shut and events continue to trend towards an industrial position matching the military position, a world dominated in various spheres by great Powers as jealous for their trading rights as for their territorial rights.