This work makes a provocative argument that the frustrations of globalisation stem from the gap between the expectations created and the lagging economic reality in poor countries. The enemies of globalisation - whether they denounce the exploitation of poor countries by rich ones or the imposition of Western values on traditional cultures - see the new world economy as forcing a system on people who do not want it. But the truth of the matter, writes Daniel Cohen in this provocative account, may be the reverse. Globalisation, thanks to the speed of twenty-first-century communications, shows people a world of material prosperity that they do want - a vivid world of promises that have yet to be fulfilled. For most impoverished, developing nations, globalisation remains only an image, a fleeting mirage. Never before, Cohen says, have the means of communication - the media - created such a global consciousness, and never have economic forces lagged so far behind expectations. Today's globalisation, Cohen argues, is the third act in a history that began with the Spanish Conquistadors in the sixteenth century and continued with Great Britain's empire of free trade in the nineteenth century. In the nineteenth century, as in the twenty-first, a revolution in transportation and communication did not promote widespread wealth but favoured polarisation. India, a part of the British empire, was just as poor in 1913 as it was in 1820. Will today's information economy do better in disseminating wealth than the telegraph did two centuries ago? Presumably yes, if one gauges the outcome from China's perspective; not, surely, if Africa's experience is a guide. At any rate, it takes poor countries much effort and investment to become players in the global game. The view that technologies and world trade bring wealth by themselves is no more true today than it was two centuries ago. We should not, Cohen writes, consider globalisation as an accomplished fact. It is because of what has