Today, despite many significant achievements in science, technology, medicine, transportation and communications, and a vast increase in world trade, the globalised world economy is facing serious socio-economic, political, cultural and environmental problems, of potentially catastrophic proportions. Although many attempts have been made through neo-classical and neo-liberal policies of market economy, free trade, deregulation and privatisation to raise living standards, the dire poverty of billions of people and the widening gap between rich and poor, both within and between nations, point to the failure of these policies. Today, at the dawn of the third millennium, over three billion people have to survive on less than $2 a day. This is less than the daily subsidy provided for each cow in the European Union (EU). Moreover, every day 24,000 people worldwide die of starva-tion or malnutrition &endash; for want of food and water, the basics of life, in this supposedly globalised world...