Globalization and its relation to poverty reduction and development is not well understood. The revised edition identifies the ways in which globalization can overcome poverty or make it worse. The book defines the big historical trends, identifies main global flows - trade, finance, aid, migration, and ideas - and examines how each can contribute to undermine economic development. By considering what helps and what does not, the book presents policy recommendations to make globalization more effective as a vehicle for shared growth and prosperity. It will an invaluable resource for students, researchers, and anyone interested in international development issues and the effects of globalization in today's economy.