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Globalization has become the cliche of our times. The virus of neo-liberal globalization has struck almost everybody including within the ranks of the left. Its proponents claim that it produces 'accelerated, efficient' development along with democracy and human rights. Reality shows the opposite. Economic disasters are not the 'price' we have to pay for a transition towards the promised paradise, but are bound to get worse as long as neo-liberal economic policies are pursued. This book analyses several contemporary debates around globalization. With the help of case studies and statistical data, it debunks several myths, and fundamentally questions the viewpoints held by the 'hyper-globalists'.