The debate on the impact of globalization tends to stress different and sometimes opposite aspects. Some argue that globalization is likely to have a positive impact on economic growth and efficiency, whereas others seem worried of its negative impact on workers, of the generation of new forms of social exclusion and of a worsening of market failure. The essays presented in this volume offer critical elements for assessing these positions. They also examine the role of national and international institutions in ensuring that globalization leads to a more sustained and equitable economic growth without endangering social cohesion.