Economists tend to see globalisation as a good thing while others, including governments, often view it as a threat to stability and national economic policy autonomy. Regionalisation has been regarded by some as a part of the globalisation process itself. In the developing world, the concern has been that people will not benefit from improved trade resulting from globalisation, while in industrialised countries, the problems of labour market adjustment are causing concern. This book shed light on these and other issues in what has become an increasingly important debate. In doing so, it seeks to reduce the controversy and confusion about the meaning and impact of globalisation and regionalisation.