Liberalisation and Globalisation extensively covers various facets of the subject. The author has traced the origin of the policy in India to the economic crisis of 1991 and the structural adjustment programme of the IMF and the World Bank which Govt. had to accept in a situation of crisis. He has described the various stages of the evolution of the policy. He has critically analysed the consequences of that policy in terms of the welfare of the common people. He has related the Indian policy of liberalisation to the larger scenario of globalisation. He has laid bare the ethical foundations of the new policies and its manifestations in the form of the scams of corruption and corporate misdoings.