The growth of transnational corporations, the dominance of world-wide financial and political institutions, and the extensive influence of media that are nearly monopolised by corporate interests are key factors shaping our global society today. What are the consequences of these developments for the great masses of people throughout the world? One of the great strengths of Kloby's work is the comprehensive picture he creates from many diverse events and trends - local and international, contemporary and historical. The many graphs and tables containing supporting data add a visual element that guides the reader to a clear understanding of the complex forces underlying contemporary developments. He also clearly explains the meaning and relevance of such sophisticated but important terms as neoliberalism, dependency, civil society, and social capital. This fully revised and updated edition will have enduring value for students and scholars of sociology, political science, economics, and international relations.