Getting a handle on what the phrase “globalization” means can be a bit like trying to lasso a fast-moving cloud. Does globalization mean the cross-pollination of different musical styles? Is it the vast geographical expansion of major multinational corporations into remote locales? Well, of course, it’s both of these things and quite a bit more. In a paper that appeared in the Autumn 2006 edition of The Washington Quarterly, two Brookings Institution colleagues articulated an agenda for harnessing the power of globalization. In their 14-page work, Ashraf Ghani and Clare Lockhart offer their own appraisal of globalization’s appeal (and potential shortcomings) in terms of creating opportunity for many of the world’s people. The paper will be of great interest to persons concerned with or interested in substantial policy issues, political economy, and economic development.