Since the 1980s, globalization has become a household term. In economic terms, globalization implies the accelerated integration of world markets, not only with respect to international trade, but also the world's financial markets. In principle, globalization should offer poorer countries an opportunity to grow faster and catch up with more affluent countries. However more often than not, it has led to the marginalization of low-income countries. This text contains contributions from a number of leading experts and is the result of the UNU/WIDER project on globalization and low-income countries. The discussion focuses on how to harness globalization for the benefit of present-day marginalized countries and enhance their meaningful participation in the globalization process. Useful for students and academics interested in development economics, this collection should also prove a valuable tool for policy-makers