This title focuses on three areas of interaction between developed countries and the rest of the world: trade, migration and foreign direct investment.

Economists have long relied on cross-country regression analysis to identify the determinants of continued growth, but with only limited success. This book demonstrates the value of a different approach. The editors isolate three attributes that appear to be associated with long-term growth. First, whatever the form of the decision-making authority, all are ultimately subject to an element of political constraint: the population at large must eventually experience the benefits of growth if the authority is to remain in power. Broad-based growth is therefore required for growth to be sustained. Second, given the complexity and dynamism of the world, and our imperfect understanding of how it works, ideological rigidity will inevitably prove disastrous, whereas pragmatism and responsiveness to changing conditions and to ineffective policy initiatives are more likely to prolong growth. Third, unconventional substitutes can fill critical gaps while more formal institutions are being developed, thus hastening the growth process in the short run. Drawing on the knowledge and understanding of local circumstances of researchers from the case-study countries, this book will appeal to post-graduate students studying development; particularly poverty, trade, investment and migration. Development practitioners concerned with the impact of developed-country policies on poverty in the developing world will also find this a captivating read.

This important book offers valuable insights into the process of economic reform in developing countries. It is organized around three dimensions that are deemed critical to the success of reform programmes. According to Nobel Laureate Amartya Sen, these key factors are Reach, Range, and Reason. 'Reach' refers to the ability of reform to be person-centered and evenhanded, reaching all individuals in society. 'Range' considers the institutional reforms and policy changes necessary to implement change and the possible ripple effects on other policies and populations. Finally, 'Reason' captures the importance of constantly asking why a particular reform has been selected.By analysing the reform process from this particular perspective, the chapters in this volume illustrate the success of this approach with specific examples prepared by authors from developing and transition countries and, in doing so, reveal the breadth of knowledge and home-grown expertise in the developing and transition world. Among academics, the book will appeal to those teaching courses in political economy, development studies, globalization, and public policy. It will also be of great interest to policy-oriented researchers and policymakers at international institutions, think tanks and policy research institutes, as well as at development agencies, ministries and departments.

This book analyzes the links between globalization and equity from the perspectives of seven regions: the Commonwealth of Independent States, East Asia and South Asia, Eastern and Central Europe, Latin America, the Middle East and North Africa, and Sub-Saharan Africa. It presents the views of researchers from the developing world, voices that are seldom heard in the ongoing debate on globalization, and provides models of successful research conducted in developing and transition countries, thus promoting homegrown expertise. The contributions from different regions reflect their disparate experiences and represent diverse positions on globalization and equity. Nevertheless, they reveal a fledgling consensus on the benefits of the developing world's entry into a global universe and the necessity for prudent adjustment to the perils of this endeavor. Academics interested in the political economy and development studies as well as policy-oriented researchers and policymakers concerned with the challenges entailed by globalization will find Globalization and Equity of great interest.