Examines the important question of how to manage the process of strategic integration into the global economy. A strategic approach is important because the benefits and costs of globalization are unevenly distributed, and because the optimal level of openness may differ for each aspect of trade, investment, capital flows, technology, and stage of development. The book provides a comprehensive coverage of policies and institutions, focusing on the key sectors of primary exports, resource processing for export, manufacturing, foreign direct investment, financial flows and official development assistance.