Foreword / Werner Sengenberger -- 1. Globalization in Perspective. What Is Globalization? Globalization in History. A Global Consciousness. The Modern Era. The Retreat of the State -- 2. Convergence and Divergence. The First Era of Convergence - Europe Catches Up. The Second Era of Convergence - Barriers Fall in Europe. Divergence Between OECD Countries and the Rest of the World -- 3. The New Age of Migration. International Wage Disparities. Modern Migration Patterns -- 4. Sending Goods Instead of People. The Real World. The New, New Economic Order. The Effect of Trade on Overall Employment in Industrial Countries. The Effect of Trade on Immigrant Employment in Industrial Countries. The Impact of Free Trade on Emigration. Export-Led Growth to Keep Immigrants at Home. Links Between Industrial-Country Exports and Immigration -- 5. Capital to Workers, Not Workers to Capital. Equity and Debt. Foreign Direct Investment. Export-Processing Zones.

6. Reducing International Wage Disparities Through Migration. The Effect of Emigration on Sending Countries. The Effect of Immigration on Labor Markets in Receiving Countries. The Effect of Immigration on Economic Growth -- 7. The Shock of the New. Political Disruption. Economic Disruption. Social Disruption. The Migration Hump -- 8. The International Skill Exchange. The Brain Drain. The Globalization of Education. Transnational Employers. Return Migration. The New Skill Exchange -- 9. Lubricating the Flow. Messages from the Media. Telecommunications and Transportation. Migrant Networks. The Migration Industry -- 10. The Demand for Immigrants. The Persistence of the Dual Labor Market. The Demographic Factor -- 11. A Question of Time.