The global processes that determine cosmic ray modulation are reviewed
. The essential elements of the theory which describes cosmic ray beha
vior in the heliosphere are summarized, and a series of discussions is
presented which compare the expectations of this theory with observat
ions of the spatial and temporal behavior of both galactic cosmic rays
and the anomalous component; the behavior of cosmic ray electrons and
ions; and the 26-day variations in cosmic rays as a function of helio
graphic latitude. The general conclusion is that the current theory is
essentially correct. There is clear evidence, in solar minimum condit
ions, that the cosmic rays and the anomalous component behave as is ex
pected from theory, with strong effects of gradient and curvature drif
ts. There is strong evidence of considerable latitude transport of the
cosmic rays, at all energies, but the mechanism by which this occurs
is unclear. Despite the apparent success of the theory, there is no si
ngle choice for the parameters which describe cosmic ray behavior, whi
ch can account for all of the observed temporal and spatial variations
, spectra, and electron vs, ion behavior.