Recent developments have made obsolete the division of the globe into three worlds of capitalist, state socialist and underdeveloped countries. This book traces the interconnectedness of the ‘disorganisation’ of capitalism in the industrialised west, the transformation of former state socialist societies, and the divergent fortunes of third world countries. It argues that comparative sociology continues to have relevance in the age of globalisation and provides a framework within which these developments can be placed in their proper perspective.