After studying this chapter, you will be able to do the following:

• Identify the key arguments framing the debate over free and fair trade.
• Identify the different types and sources of global investments and recognize the controversies over the growing role of transnational corporations.
• Understand the major characteristics of the global financial system and how the activities of public institutions and private lenders influence development.
• Explain how recent events have influenced perceptions and ideas regarding the value of globalization in advancing the prosperity of countries across the world.