A critical assessment of the book Traps of globalization by H.P.Martin and H. Schuman-a is indicates that globalisation is not a zero sum game as authors assume, neglecting law of comparative advantages. It is still very much valid particularly if taken together with the principle of compensation for those who are loosing from international trade or/and globalisation. Benefits of globalisation outrate costs. In spite of all costs it is welfare enhancing. Globalisation is bringing about a convergence among countries if they follow the right policies although it also contributes to the marginalisation of unskilled workers, reduction of their wages, their unemployment and social disintegration. But this is less to be attributed to globalisatio...