Summaries This article argues that the current phase of neoliberal globalisation presents a challenge to the prospects for equitable social development in developing and transition economies. This challenge flows partly from the unregulated nature of the emerging global economy and partly from the intellectual currents dominant in the global discourse concerning social policy and social development. In particular the article argues that a combination of the World Bank' s preference for a safety net and privatising strategy for welfare, the self interest of International NGOs in being providers of associated basic education, health and livelihood services, and the World Trade Organisation's push for a global market in health, education and insurance services, is generating a set of global conditions which undermine the prospects for any alternative scenario of equitable public social provision. This disturbing trend is taking place within the context of an apparent shift in the politics of globalisation from fundamentalist economic liberalism to global social concern.