Examining the role of the modern nation state, Dexter Whitfield assesses the achievements, failures, costs and benefits of the neoliberal and ‘third way’ transformation of the state. He demonstrates that private finance of infrastructure, marketisation of government and privatisation of the welfare state are accelerating the globalisation process and generating ever larger financial, social and environmental crises. Whitfield analyses current trends which are exacerbated by the marketisation and partnership agenda advocated by global bodies such as the World Bank, IMF and WTO. He reveals how these policies further reduce the capacity of the state in the global economy, its ability to provide good quality public services and inevitably create a corporate welfare complex. Within a framework for understanding the extent, scale and impact of the transformation of the state, the author forecasts the implications of the continuation of current policies.