In this book, the United Nations Economic Commission for Latin America and the Caribbean draws upon the Latin American and Caribbean region's experience in order to formulate a historical and multidimensional assessment of the globalization process from the perspectives of developing countries. The first of this book's five chapters focuses on the multidimensional nature of globalization; describes the current phase of the process within its historical context of global economic internationalization; and briefly examines its social, political, and cultural dimensions. Chapters 2 and 3 look at how the economic facets of the globalization process have evolved. Income disparity trends and the underlying asymmetries of the current global order are discussed in chapter 4. The fifth and final chapter proposes an agenda for the global era. This publication belongs to the Latin American Development Forum Series (LADF), sponsored by the Inter-American Development Bank, the United Nations Economic Commission for Latin America and the Caribbean, and the World Bank.