Globalization, as an international phenomenon, has contributed to or assisted in the development of major economic, political and social change in the new millennium. For the last half century, the forces of globalization have been accelerating through the developing and developed worlds. While the importance of globalization or the economic and social linkages binding the world together has been widely acknowledged, scholars and policymakers disagree vehemently about whether globalization is inevitable; whether it is, on balance, positive or negative; who, if anyone, controls the processes; who are the winners and losers in the fundamental transformations being wrought by globalization; and what policies should be adopted in the face of globalization. This book focuses on the economic, political and social issues of globalization.