Globalisation is the inescapable buzzword bandied about by today's economic gurus and political leaders. Countries everywhere are being urged to "integrate into the global economy" by flinging open their borders to imports of goods and services to foreign investors and to financial funds from abroad. "Deregulate, liberalise and privatise" is the call issued to developing nations, which are advised to jump on board the globalisation train that it is said will bring them to economic success.
In reality, however, it is impoverishment, deprivation and inequality instead that await economies which go down the free-market globalisation route. This pamphlet explains why this is so, examining the insidious mechanisms in the areas of international trade, investment and finance which have already consigned scores of countries and billions of people to economic misery.