Larry Sawers received his Ph.D. in economics from the University of Michigan, Ann Arbor and is Professor of Economics at American University in Washington, DC, USA. He has been offering courses in development economics to graduate and undergraduate students at the university since the early 1980s. He has also taught at the Pontificia Universidad Catolica del Ecuador, in Quito, the University of Dar es Salaam in Tanzania, and at the EuroFaculty of Vilnius University in Lithuania. He has traveled in over 40 countries in Latin America, Africa, Asia, and former members of the Soviet-bloc in Easter...