This report is concerned with proving that institutional change and policy reform can radically alter the prevailing levels of inequality and poverty, without wrecking the global economy. The work involves the diagnosis of institutional features that obstruct a more unbiased sharing of the fruits of trade and exchange. The basic objective of this report is to combine the benefits of trade to which many defenders of globalisation point, with the overarching need for fairness and equity, which motivates a major part of the anti-globalisation protests. The constructive agenda of the report draws on both concerns.