Globalization deeply affects economic structures and raises the issue of how governments should respond to the new challenges. The discussion focuses on further liberalizing international trade, preventing international financial crises, and protecting global environmental systems.

Fears and Benefits of Globalization: On the Fears of the International Division of Labor: Eight Points in the Debate with Anti-Globalizations.- Coping with Anti-Globalization.- Comment.- International Economic Integration and the Poor.- Comment.- Do National Governments Lose Their Maneuvering Space in the Era of Locational Competition and What Can They Do?- Comment. Designing Global Governance: From Protest to Participation: The Role of Civil Society in Global Governance.- Comment.- What Are the Necessary Ingredients for the World Trading Order?- Comment.- Predicting and Preventing Financial Crises: Where Do We Stand? What Have We Learned?- Comment.- Globalization & Climate Protection: Some Microeconomic Foundations for Integration.- Comment.- Biodiversity and Globalization.- Comment.- Looking 30 Years Ahead in Global Governance.- Comment.