Building on the New Economic Foundation and Jubilee 2000's experience of making complex economic issues interesting and attractive to a mass audience, and publishing alternative reports, the Real World Economic Outlook provides an overview and reviews the global economy from a different and radical perspective. This first report looks at globalisation and debt deflation. It reviews the growth and new dominance of the finance sector since 1970 and outlines the negative impact of this sector over the corporate, productive, state, and environmental sectors. The implications of globalization and debt deflation in different regions or the world are also examined and compared. A comprehensive appendix provides a full set of supporting tables drawn upon in the text and presenting statistics on issues including personal, corporate, and sovereign debt and credit.