GEORGE MAVROTAS is a Research Fellow and Project Director at UNU-WIDER having previously held academic positions at the Universities of Oxford and Manchester, UK. His main area of expertise is development finance broadly defined to include external finance but also domestic resource mobilization. ANTHONY SHORROCKS is Director of WIDER, having previously held permanent positions at the London School of Economics and Political Science, UK and the University of Essex, UK. He has published extensively on topics related to income and wealth distribution, inequality and poverty.

'The impressively broad range of issues in global economics that are covered in this volume bring out not only the diversity of problems that are all quite important for development in the contemporary world, but also the fact, in which there is reason to take some pride, that WIDER, as a new institute of research, has been able to contribute substantially to such a variety of fields, informed by a good understanding of the need for coverage as well as quality.' - From the Foreword by Amartya Sen 'Contains excellent essays on the dynamics of economic development ... The vastness of this book's coverage makes it impossible to do justice to its contents the book is an excellent survey of the thinking on development.' - S.L. Rao, The Hindu

• Preface; G.Mavrotas & A.Shorrocks Foreword Obituary: Lal Jayawardena; A.Singh PART 1: DEVELOPMENT ECONOMICS IN RETROSPECT The Evolution of the Development Doctrine, 1950-2005; E.Thorbecke Turning Points in Development Thinking and Practice; L.Emmerij From Sees to Sen: The Meaning of Economic Development; W.Nafziger Inequality in Historical Perspective; R.Jolly PART 2: INEQUALITY AND CONFLICT Health Improvements and Health Inequality During the Last 40 Years; G.A.Cornia & L.Menchini Inequality and Corruption; E.Uslaner Indivisibility, Fairness, Farsightedness and their Implications for Security; S.M. Murshed Violence in Peace: Understanding Increased Violence in Early Post-conflict Transitions and its Implications for Development; M.B. Hartwell PART 3: HUMAN DEVELOPMENT AND WELL-BEING International Convergence or Higher Inequality in Human Development? Evidence for 1975 to 2002; F.Noorbakhsh Investing in Health for Economic Development: The Case of Mexico; N.Lustig A Wider Approach to Aid Effectiveness: Correlated Impacts on Health, Wealth, Fertility and Education; D.Fielding, M.McGillivray & S.Torres Is Social Capital Part of the Institutions Continuum and is it a Deep Determinant of Development? S.Knowles PART 4: GLOBALISATION Stormy Days on an Open Field: Asymmetries in the Global Economy; N.Birdsall A Quest for Pro-poor Globalisation; M.Nissanke & E.Thorbecke International Migration in an Era of Globalisation; A.de Haan PART 5: DEVELOPMENT FINANCE International Risk Tolerance, Capital Market Failure and Capital Flows to Emerging Markets; V.Fitzgerald Prolonged Use and Conditionality Failure: Investigating the IMF Responsibility; S.Marchesi & L.Sabani International Finance and the Developing World: The Next Twenty Years; T.Addison PART 6: GROWTH AND POVERTY Gender and Growth in Sub-Saharan Africa: Issues and Evidence; M.Blackden, S.Canagarajah, S.Klasen & D.Lawson Decomposing Growth: Do Low-income and HIPC Countries Differ from High-income Countries? P.Haaparanta& H.Virta Evaluating Targeting Efficiency of Government Programmes: International Comparisons; N.Kakwani & H. Son Innovations, High-tech Trade and Industrial Development: Theory, Evidence and Policy; L.Singh Manufacturing, Services and Premature De-industrialization in Developing Countries; S.Dasgupta & A.Singh PART 7: DEVELOPMENT STRATEGIES Why Have All Development Strategies Failed in Latin America? G.Rozenwurcel Development in Chile 1990-2005: Lessons From a Positive Experience; A.Garcia Hurtado Three Decades of Rural Development Projects in Asia, Latin America and Africa: Learning From Successes and Failures; A.Zoomers Development Strategy, Viability and Economic Institutions: The Case of China; J.Y.Lin, M.Liu, S.Pan & P.Zhang Institutions, Policies and Economic Development; G.W. Kolodko Patterns of Rent-extraction and Deployment in Developing Countries: Implications for Governance, Economic Policy and Performance; R.M. Auty Credit Co-operatives in Locally-financed Economic Development: Using Energy Efficiency as Lever; R.McIntyre PART 8: DEVELOPMENT ECONOMICS IN PROSPECT Development Through Globalisation? D.Nayyar Do we Need a New 'Great Transformation'? Is One Likely?; F. Stewart Building Absorptive Capacity to Meet the Millennium Development Goals; F.Bourguignon & M.Sundberg Applying Behavioural Economics to International Development Policy; C.L. Anderson & K.Stamoulis The Human Dimensions of the Global Development Process in the Early Part of the 21st Century: Critical Trends and New Challenges; M.Simai Development Questions for 25 Years; L.Taylor

GEORGE MAVROTAS is a Research Fellow and Project Director at UNU-WIDER having previously held academic positions at the Universities of Oxford and Manchester, UK. His main area of expertise is development finance broadly defined to include external finance but also domestic resource mobilization. ANTHONY SHORROCKS is Director of WIDER, having previously held permanent positions at the London School of Economics and Political Science, UK and the University of Essex, UK. He has published extensively on topics related to income and wealth distribution, inequality and poverty.

'The impressively broad range of issues in global economics that are covered in this volume bring out not only the diversity of problems that are all quite important for development in the contemporary world, but also the fact, in which there is reason to take some pride, that WIDER, as a new institute of research, has been able to contribute substantially to such a variety of fields, informed by a good understanding of the need for coverage as well as quality.' - From the Foreword by Amartya Sen 'Contains excellent essays on the dynamics of economic development ... The vastness of this book's coverage makes it impossible to do justice to its contents the book is an excellent survey of the thinking on development.' - S.L. Rao, The Hindu

• Preface; G.Mavrotas & A.Shorrocks Foreword Obituary: Lal Jayawardena; A.Singh PART 1: DEVELOPMENT ECONOMICS IN RETROSPECT The Evolution of the Development Doctrine, 1950-2005; E.Thorbecke Turning Points in Development Thinking and Practice; L.Emmerij From Sees to Sen: The Meaning of Economic Development; W.Nafziger Inequality in Historical Perspective; R.Jolly PART 2: INEQUALITY AND CONFLICT Health Improvements and Health Inequality During the Last 40 Years; G.A.Cornia & L.Menchini Inequality and Corruption; E.Uslaner Indivisibility, Fairness, Farsightedness and their Implications for Security; S.M. Murshed Violence in Peace: Understanding Increased Violence in Early Post-conflict Transitions and its Implications for Development; M.B. Hartwell PART 3: HUMAN DEVELOPMENT AND WELL-BEING International Convergence or Higher Inequality in Human Development? Evidence for 1975 to 2002; F.Noorbakhsh Investing in Health for Economic Development: The Case of Mexico; N.Lustig A Wider Approach to Aid Effectiveness: Correlated Impacts on Health, Wealth, Fertility and Education; D.Fielding, M.McGillivray & S.Torres Is Social Capital Part of the Institutions Continuum and is it a Deep Determinant of Development? S.Knowles PART 4: GLOBALISATION Stormy Days on an Open Field: Asymmetries in the Global Economy; N.Birdsall A Quest for Pro-poor Globalisation; M.Nissanke & E.Thorbecke International Migration in an Era of Globalisation; A.de Haan PART 5: DEVELOPMENT FINANCE International Risk Tolerance, Capital Market Failure and Capital Flows to Emerging Markets; V.Fitzgerald Prolonged Use and Conditionality Failure: Investigating the IMF Responsibility; S.Marchesi & L.Sabani International Finance and the Developing World: The Next Twenty Years; T.Addison PART 6: GROWTH AND POVERTY Gender and Growth in Sub-Saharan Africa: Issues and Evidence; M.Blackden, S.Canagarajah, S.Klasen & D.Lawson Decomposing Growth: Do Low-income and HIPC Countries Differ from High-income Countries? P.Haaparanta& H.Virta Evaluating Targeting Efficiency of Government Programmes: International Comparisons; N.Kakwani & H. Son Innovations, High-tech Trade and Industrial Development: Theory, Evidence and Policy; L.Singh Manufacturing, Services and Premature De-industrialization in Developing Countries; S.Dasgupta & A.Singh PART 7: DEVELOPMENT STRATEGIES Why Have All Development Strategies Failed in Latin America? G.Rozenwurcel Development in Chile 1990-2005: Lessons From a Positive Experience; A.Garcia Hurtado Three Decades of Rural Development Projects in Asia, Latin America and Africa: Learning From Successes and Failures; A.Zoomers Development Strategy, Viability and Economic Institutions: The Case of China; J.Y.Lin, M.Liu, S.Pan & P.Zhang Institutions, Policies and Economic Development; G.W. Kolodko Patterns of Rent-extraction and Deployment in Developing Countries: Implications for Governance, Economic Policy and Performance; R.M. Auty Credit Co-operatives in Locally-financed Economic Development: Using Energy Efficiency as Lever; R.McIntyre PART 8: DEVELOPMENT ECONOMICS IN PROSPECT Development Through Globalisation? D.Nayyar Do we Need a New 'Great Transformation'? Is One Likely?; F. Stewart Building Absorptive Capacity to Meet the Millennium Development Goals; F.Bourguignon & M.Sundberg Applying Behavioural Economics to International Development Policy; C.L. Anderson & K.Stamoulis The Human Dimensions of the Global Development Process in the Early Part of the 21st Century: Critical Trends and New Challenges; M.Simai Development Questions for 25 Years; L.Taylor