This book takes an overarching perspective on economic aspects of globalisation. With a conventional theoretical framework forming the point of departure, the book argues globalisation's positive effects, and addresses dynamics of potential negative ones. It thereafter examines the extent to which these negative effects in fact occur in today's recently globalised world. Finally, the book discusses whether sufficient protection mechanisms are available and used, and how these possibly can be improved. As the theoretical framework remains constant over time, this book has timeless value. It is a resource for anyone who wishes to familiarise him/herself with how a global economy plays out on the local level.