The growth of transnational corporations, the dominance of worldwide financial and political institutions, and the extensive influence of media that are nearly monopolized by corporate interests are key factors shaping our global society today. What are the consequences of these developments for the great masses of people throughout the world? One clearly emerging pattern is the growing disparity between the developed nations and the rest of the world.

In this excellent analysis of power distribution and its effects, sociologist Jerry Kloby presents data on the increase of wealth and income inequality, and argues that many of the policies pursued by the developed nations and international corporations have led to a deterioration of living standards and the environment in many parts of the world. He also discusses a power shift in the United States that has weakened the working class.

One of the great strengths of Klobys work is the comprehensive picture he creates from many diverse events and trendslocal and international, contemporary and historical. The many graphs and tables containing supporting data add a visual element that guides the reader to a clear understanding of the complex forces underlying contemporary developments. He also clearly explains the meaning and relevance of such sophisticated but important terms as neoliberalism, dependency, civil society, and social capital.

This fully revised and updated edition will have enduring value for students and scholars of sociology, political science, economics, and international relations.