Drawing out common lessons and experiences from the economic transformation process in China, India and Russia, this study assesses the implications for the rest of the world. The book explores the liberalization "revolution" and the so-called "anarcho-capitalism" which is emerging.

Part 1 The state of globalization: globalization - what is it? deconstructing globalization; the driving forces - the two revolutions; is globalization inevitable? is it desirable? Part 2 The politics of globalization: national politics in a global economy; does globalization threaten the national state? gainers and losers; beyond economics - national security; the politics of identity. Part 3 Globalization and global governance: an evolving system; from trade to capital glows - a paradigm shift; disappearing nation states; global variable geometry; the limits of self regulating globalization; appendix: functional clubs - global financial market regulation, telecoms and information standard setting. Part 4 A regulatory deficit? systematic risk and a lender of last resort; rules for competition; creating global infrastructure and networks; the commons. Part 5 Improving the process: integrating the big new players; legality and extraterritoriality; accountability, transparency and subsidiarity; mutual recognition and competition among rules. Part 6 The new frontier - globalization and ethics: value convergence; contrary currents; corruption; environment and labour standards; human rights, international equity. Part 7 Conclusion - globalization and its enemies.