The focus of the book is mainly on six major areas of global economic and public policy issues and the accompanying policy propositions. For some readers, however, the innovative and unorthodox policy propositions would sound radical and seem rather like science-fiction at times in characteristics. But they are not mere fantasies or dreams and a few courageous leaders with a vision and determination can make them realize. The key issues of concern which the propositions are aimed at addressing covers the following: 1. The growing influence of the transnational corporations and the role that they should play in the process of globalization as well as how they should be run in the future. 2. The nature of the global financial system that is in crisis, including the swinging foreign exchange rates and its role in creating a fair and stabilized world trade as well as how it should be conducted. 3. The problems of the nation-states that are characterized by having unstable economic and social conditions as well as how such problems should be tackled when the national revenue is increasingly becoming little. 4. The nature and the type of key public policy issues at national level that require innovative and appropriate public programs and how they can be implemented effectively and efficiently. 5. The validity and efficacy of the existing party-political system that is obsolete and the institutions of governance at the national level and how we can address the issues. 6. The failing status of the international politics and the issues of global affairs and how the multilateral organizations and institutions, including the UN can be reformed and restructured to meet the changing needs. I have treated the two topics of transnational corporations and the global financial system (GFS) separately in the earlier chapters. The issues of globalization and international trade as well as the floating foreign exchanges and the global reserve system are also examined here. The globalization and the growing role of powerful multinationals that makes the nation-states powerless demand us to look how the corporate giants should be restructured and operated in the future. The chapter highlights are the concept of a limited ‘corporate sovereignty’ for the qualifying transnational corporations (with no allegiance to any specific country) and an innovative concept of the Virtual Gold Standard (VGS). The VGS consists of a global currency called MONDI as the non-tradable virtual currency, and a fixed ‘currency exchange parity standard’ (CEPS) for the national currencies against MONDI. In the middle chapters, I have dealt with those public issues that concern the nation-states the most. When the economy fails to perform, it affects the public finances even if the elected officials would try to make the right choice of economic policies. Moreover, squeezes in the public expenditure affect the quality and adequacy of public goods and services provided. At national level, the key issues remain employment and job creation, delivery of law and order as well as the provision of essential services such as education, health care, transportation, and housing etc. Inefficiencies of public sector management and the changing social and demographic fabrics further aggravate the situation. Here, the management of public expenditure versus national revenue remains the key issue. I have suggested here to run the country almost like a quasi corporation. The chapter highlights are therefore the concepts of Gross National Asset (GNA) and National Equity (NE) in addition to the national debt. This includes propositions to abolish the traditional personal income tax and restructuring of the entire tax regime. The corporation tax is to be reduced to the idea of levying a flat turnover tax as a percentage of the revenue thereby eliminating the need for complicated tax filing and costly tax litigations. Personal income tax is to be replaced by a Consumption Tax (CT) and a few related taxes but a Wealth Equalization Tax (WET) is proposed for those who earn over the threshold limit. All forms of Value Added Taxes and local authority taxes are to be replaced by the uniform CT noted above, except a meager Essential Services Tax. I have also proposed to equitize and sell the economic production capacity of the nation in the market in the form of General Revenue Augmentation Share Stock (GRASS). The latter chapters deal with the issues of national political systems that are marred by centuries-old party politics and the international politics that is characterized by having mainly the issues of security, trade, finance, development, and environment at global level. I believe the existing system of party politics and governance at nation-state level is antiquated and obsolete today. Here, I have proposed a new concept of Non-aligned Democracy without party-politics based on the idea of an Electoral Forum at grassroots level and a governing body to be elected from within the parliamentarians. The UN and its agencies as well as its affiliate multinational institutions and the multilateral organizations remain the center of global politics. Overdevelopment coupled with over-consumption in the West, globalization coupled with corporate exploitation, unprecedented growth of information technology, unfair distribution of wealth and economic disparity between the developed and undeveloped countries, instability in the global financial system, corrupted and undemocratic regimes, and global terrorism triggered by unfair politics of the West are some the issues the world is facing today. The existing UN system of organizations and institutions do not seem capable of responding to these issues effectively and therefore in need of reform. This is particularly true in the structure and working of the UN Security Council. I have proposed to create 10 Regional Security Councils to represent and work along with the UN Security Council in addition to a few Security Council style entities under the UN umbrella. Alternative funding options for the world body and its aid agencies are also examined and suggested. The last chapter deals with the 10 key policy externalities that I have identified as influencing factors in the global public policy arena. Here, I have taken the liberty to air my own views in some areas in order to rekindle the global policy debate. I believe this would remain a thought provoking book even if some of the propositions and concepts may seem like a mere fantasy for some. Sci-Fi approach to advocating an economic system as well as a public policy blueprint with innovative social-political institutions would require the reader to be essentially unorthodox in thinking. Essentially, the target audience for the book consists of the future aspiring leaders, both in politics and in business and multilateral organizations as well as the public policy makers in the world. Although some of the propositions can take even several decades to realize or never to realize, visionary and courageous leaders can make them realize within the next decade if they have the political will to do so. In fact, there is a pressing need in some areas to consider innovative strategies. If we fail to think innovatively and do not adopt unorthodox approaches, even hundreds of DAVOS like gathering wouldn’t generate any solutions. For example, consider the issue of consumer debt and national debts in the market based economies. I believe we have to face tremendous problems in managing credit-based debt-ridden economies, both at the state-level and consumer-level. What we have today is ‘faux economy’. Sustainability of an economy rests with the level of debt that it carries. I wonder how long can the debt-financed economies of the world survive. Can we think of any innovative solutions?