This annual series provides comprehensive analysis on current and emerging issues of international trade and macroeconomics. Contents: GLOBALIZATION AND INEQUALITY Competing Concepts of Inequality in the Globalization Debate Martin Ravallion (World Bank) Channels from Globalization to Inequality: Productivity World versus Factor World William Easterly (New York University) Health in an Age of Globalization Angus Deaton (Princeton University) BROADER INDICATORS OF WELL-BEING Assessing the Impact of Globalization on Poverty and Inequality: A New Lens on an Old Puzzle Carol Graham (Brookings Institution) Poverty and the Organization of Political Violence: A Review and Some Conjectures Nicholas Sambanis (Yale University) IMPACT OF GLOBALIZATION Trade, Inequality, and Poverty: What Do We Know? Pinelopi Goldberg (Yale University) and Nina Pavcnik (Dartmouth College) The Impact of Globalization on the Poor Pranab Bardhan (University of California, Berkeley) LOOKING FORWARD Why Global Inequality Matters Nancy Birdsall (Center for Global Development) Some Speculation on Growth and Poverty over the Twenty-First Century Kenneth Rogoff (Harvard University)