The basic hypothesis of the present volume is that trade liberalisation and MNC's-led globalisation have been mainly responsible for the deterioration of human values, human dignity and human welfare in poor countries. It brings to focus the mechanism through which globalisation has been able to create and sustain poverty, inequality and gender differentiation in the economic sphere. B.N. Ghosh, PhD (India), M.CIM (UK), GFCR (Harvard), is currently a Professor of Economics, Eastern Mediterranean University, North Cyprus. A specialist in Human resource Development and Political Economy, he has published extensively in refereed journals. His books are published, among others, by Arnold Heinemann, Longman, Macmillan, Routledge, Nova Science Publications of New York, Ashgate Publishing and Wisdom House of England. He has undertaken short-term consultancies for various organizations including the University Grants Commission and the United Nations Development Programme. Professor Ghosh is the Director (Hon.) of the Centre for the Study of Human Development in Leeds (England), and the Editor of International Journal of Human Development, Leeds (England). Professor Ghosh's research has ranged over a number of areas including political economy, human resource development, economics, sociology, and anthropology. Some of his recent publications include: Global Financial Crises and Reforms (ed.), (Routledge, London and New York, 2001); Privatisation: The ASEAN Connection (Nova Science Publications, New York, 2000); Gandhian Political Economy (Ashgate Publishing, London, 2006); Contemporary Issues in Development Economics (Routledge, London and New York); Economic Theories: Past and Present (Wisdom House, England, 2001); Contemporary Issues in Modern Macroeconomic Management ((Wisdom House, England, 2005) and Globalization and the Third World (co-ed.), (Macmillan, London and New York. 2006). Professor Ghosh is the recipient of the Emerald Award (UK) for 2005. Chopra, Parvesh K. PhD (England), PhD (India), M. Phil. (Economics), PG D. Statistics, M.A (Economics), B.A. (Honours), is currently a Senior Research Economist for the Centre for the Study of Human Development, Leeds, England (UK). He has taught Economics at different levels for many years before joining the Department of Economics, School of Business Studies, The University of Leeds, England as a Doctoral Researcher. He was awarded his second PhD from the University of Leeds, England. He has published research papers extensively in refereed international journals of repute and has authored singly or jointly more than 12 research books. His recent research book Poverty As Human Contestability Failure was published in the year 2007. Dr. Chopra research has ranged over a number of areas including poverty and inequality, gender issues human resource development, economics of pharmaceutical products, rural development, globalization and health economics. Dr. Chopra is actively associated with the International Journal of Human Development as its Managing Editor and is a member of the Royal Economic Society (UK).