ABSTRACT
The subject of this chapter has already intrigued scholars, business practitioners and politicians and various interest groups; and, no doubt, will continue to do so well into the twenty-first century. Yet, within the last decade or so, attitudes towards economic globalization, and predictions about its future, have undergone a profound transformation. From the euphoria which followed the fall of the Berlin Wall, and the liberalization of many goods, services and money markets, we are currently experiencing a kind of backlash-not dissimilar to that which followed the first positive reactions to the industrial revolution of the late eighteenth and nineteenth centuries (Kennedy 1996, Searle 1998).
