ABSTRACT
Introduction There has been and continues to be an enormous amount of discussion about the nature and meaning of globalization. The recent experience of the global origins and consequences of the crash of East Asian stock markets and economies has reduced the ranks of doubters about the existence of at least some economic forces that are beyond the control of even the most powerful nation state; and it is significant that one of the most ‘globalist’ interpretations of the current world economy comes from an author who subsequently became Secretary for Trade in the Clinton administration (Reich 1992).
