All the economics of the world are linked through globalization process. International trade, foreign investment, technology transfer, growth rate of several developed and developing countries have improved through globalization. In many respects, globalization of new century is just the latest stage of enlarging the spatial dimensions of economic activity. It is only in our life time that the role of trade, foreign direct investment and cross boarder strategic dilemmas have become so crucial for development. This book discusses the various issues of globalization, Institutional changes, new global age, consequences of globalization, nature of globalization process, globalization and trade, globalization and finance, the sources of capital mobility, governance of financial markets, labour market outcome and labour market policies, globalization and wage inequality, changes in the real wages in the era of globalization and globalization and democracy.