Includes bibliographical references and index.

Recasting globalization's narrative -- Of markets and states: globalization in history's mirror -- The rise and fall of the first great globalization -- Why doesn't everyone get the case for free trade? -- Bretton Woods, GATT, and the WTO: trade in a politicized world -- Financial globalization follies -- The foxes and hedgehogs of finance -- Poor countries in a rich world -- Trade fundamentalism in the tropics -- The political trilemma of the world economy -- Is global governance feasible? Is it desirable? -- Designing capitalism -- A sane globalization -- A bedtime story for grown-ups.

Discusses how democracy and national self-determination cannot be pursued simultaneously with economic globalization and instead promotes customizable globalization with international rules to achieve balanced prosperity.