The world has gone through a major transformation in the last two decades. The end of the Cold War in Europe has led to a massive increase in private capital flow and has also brought an information and telecommunication revolution. In this new interdependent and interconnected world, international trade and investment has overtaken the importance of national economies. Globalization has created new opportunities as well as many risks and challenges. While globalization creates new wealth and encourages technological innovations, it has also failed to support and promote sustainable human development and thus can be accused of generating anguish and deprivation. This has already resulted in growing civil unrest and, in some cases, contributed to armed conflicts in the developing world. However, peace and conflict research has hitherto somehow overlooked the influence of increasing globalization on the formation and management of such emerging conflicts. The study of globalization also tends to overlook a proven fact that the management of conflicts in the South has been invariably influenced by the global powers and their strategic politics. This impressive edited volume makes an attempt to assess the concrete that measures exist which can be effective in addressing the causes of conflict and building peace in an increasingly interdependent world.