Includes bibliographical references and index.

Ch. 1. Introduction / by Michael M. Weinstein -- Ch. 2. Trade and globalization / by Douglas A. Irwin -- Ch. 3. Capital flows, financial crises and public policy / by Charles W. Calomiris -- Ch. 4. Globalization and immigration / by George J. Borjas -- Ch. 5. Globalization, poverty, and inequality / by David Dollar -- Ch. 6. The environment and economic globalization / by Jeffrey A. Frankel -- Ch. 7. The rich have markets, the poor have bureaucrats / by William Easterly -- Ch. 8. Feasible globalizations / by Dani Rodrik. Ch. 9. Globalization and patterns of economic growth / by Jeffrey D. Sachs -- Ch. 10. The overselling of globalization / by Joseph E. Stiglitz.

From the streets of Seattle to corporate boardrooms to new factories in third-world nations, globalization is subject to very different and often explosively divergent interpretations. Where some see globalization as driving poor countries into further poverty, others see it as the path to economic salvation and democratic rule.