This paper is a preliminary discussion of the material aspects of globalisation in terms of the effects on older men and women of movements of trade, capital and people round the world. While some elders have benefited, most notably where pensions and health care are well developed, the majority of older men and women are among the poor who have lost out the world over. Free trade, economic restructuring, the globalisation of finance and the upsurge in migration have all tended to affect elders badly in most parts of the world.