Book excerpt: Globalization creates growth without jobs in the North, structural adjustment in the South, privatization in the East and the dismantling of states everywhere. The author of this extraordinary book uses a mixture of case studies, examples and quotations to illustrate some hard facts. She looks at women across the world to show how their lives have been turned upside down, by industrialization in the South and a return to homeworking in the North. From New York to Phnom Penh, from Moscow to Dakar, we see the devastating effects of the unfettered power of transnational corporations on women's lives.