The World Economy: Global Trade Policy 2008 is the fifteenth in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy. Each annual volume examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level. Each volume also provides assessments of the World Trade Organization's recent Trade Policy Reviews. The 2008 issue analyses trade policy in areas such as Japan, Indonesia, Israel, and the United Arab Emirates as well as investigating the challenge of aligning the mission, means and legitimacy of international organizations. Contributors including John Walley and Jan Aart Scholte also examine the concept of globalization - both its definition and its values.