This volume brings together articles on three primary elements of globalization: multilateralism, regionalism and unilateralism. Expert contributors investigate the substantive issues of commodity and factor trade, capital movements and monetary and fiscal policies, from both theoretical and empirical perspectives.Part I. Gains from Regionalism and Multilateralism Part II. Regionalism and Globalization for the Developing Countries Part III. Globalization and the Capital Markets Part IV. Globalization via Unilateral Actions Part V. Regionalism: Monetary, Fiscal, and Industrial Policy Co-ordination