With contributions from leading thinkers such as J. Bhagwati and Robert Solow, this edited collection examines some hotly debated issues in today's world. The significance of globalization and its effects on welfare states is discussed and analyzed. A special chapter is devoted to terrorism, and it is explained why some people are willing to sacrifice their lives to gain 'heavenly goods'. The role of multinationals in the globalization process in examined as is the importance of changing and evolving social norms regarding work and leisure for the survival of today's welfare states. JAGDISH BHAGWATI University Professor at Columbia University, USA CHRISTOPHER GREEN-PEDERSEN Assistant Professor in Political Science at the University of Aarhus, Denmark KAROLINA EKHOLM Assistant Professor in Economics at the Stockholm School of Economics, Sweden JAN EKBERG Professor in Economics at the Centre of Labour Market Policy Research (CAFO), Vaxjo University, Sweden ERIK JONASSON PhD-candidate at the University of California, Riverside, USA CYNTHIA KITE PhD and lecturer in Political Science at Umea University, Sweden MATS LUNDAHL Professor in Economics at the Center for International Economics and Geography, the Stockholm School of Economics, Sweden ASSAR LINDBECK Professor in International Economics at the Institute of International Economic Studies, University of Stockholm., Sweden LARS PETTERSSON Post doctoral student in Economics at Jonkoping International Business School., Sweden ROBERT SOLOW Massachusetts Institute of Technology, USA