State-of-the-art analytical models and original empirical research are brought together in this collection to explain the forces that typically shape the global economy. The contributors:
* examine the prospects and the problems of international business and MNCs in the global economy,
* analyze globalization as a process of change that provides an important perspective that has been missing in the existing literature,
* look at the new roles of nation states in the light of the above and
* articulate the uneasy idea that globalization has resulted in serious imbalances in the global economy.
Consequent welfare reforms are examined in detail.