Because globalization has had both welfare-enhancing, propitious consequences as well as detrimental ones, it has become an acutely contentious subject matter among both scholarly and public policy-making communities. Contemporary globalization cannot be studied without a balanced treatment of both facets. The author provides precisely that, covering large thematic areas of the global economy and globalization through the channels of trade, financial flows, attention to newly emerging trends as well as historical perspective.

Neither overly technical nor highly model-oriented, this accessible book will be of great interest to scholars, students and other readers interested in a broad and balanced view of globalization.