Globalization has become the all-inclusive, all-enveloping catchword of our times. An endless number of books and articles have been devoted to the subject, covering a number of issues from the EU, the IMF, and the role of the World Bank to endless speculations about the movement of capital, finance and multinational corporations. But it is not only economic factors that are associated with globalization. Migration, refugee flows and the so-called “brain drain” from the developing world is often described as a consequence of globalization, and so is the spread of Western (often American) “culture” in the forms of soap operas, music, fashions and similar trends. Newspaper columnists, economists and political analysts are, on the one hand, all apt to warn about being left behind as the global train is leaving, and the issue of catching up is on everybody’s lips. On the other hand, we have a number of hesitant voices being heard, doubting the value of the term “globalization” and pointing to the negative effects of global and international forces, both between and within societies.