GOVERNANCE AND ACCOUNTABILITY,Globalization has wide ranging implications for the functioning and management of national economies by their respective governments to protect domestic interests. This insightful collection describes how expanding capitalism has emerged as the only edynamic engine of groth. The volume not only gives an account of the increasing relationship between business and polity in the era of globalization, but also of the growing impact of this relationship on corporate governance and global business. This volume is divided into four sections: · appraising the impact of globalization on the state-market relationship in the global economy in a historical perspective, focusing on the experiences of India and China; · analyzing the global capital managers who are not always transparent players, thereby threatening financial stability of the contries they operate in; · describing key aspects of macroeconomic policymaking in India's financial sector reforms; and · providing a broad overview of Corporate Governance systems and the collapse of some of the corporate giants like Eron. The author concludes with an overview of the corporate world in India.