In this festschrift for Ian Little, Professor of Development Economics at the University of Oxford, distinguished experts evaluate policy questions in such areas as exchange rate policy, problems of market stabilization, industrialization of developing countries, trade shocks, capital flows, principles of taxation, and political implications of economic policy decisions.

India is an emerging giant. This book explains its long economic stagnation and recent rise by examining its social, political and historical evolution in long term perspective. It explains how its distinct social system based on caste arose and why it still is of importance in its political and social arrangements, despite India's recent move from the plan to market.

Trade, Development and Political Economy takes fundamental issues in trade and development policy and subjects them to well-based economic analysis in a form that is easily accessible to the non-specialist. Distinguished contributors address some of the following questions: Are critics of outward-orientated development wrong? What caused the financial crisis of East Asia? Who supports trade and aid in the US? And, what are the conditions needed to promote growth? They also look forward to what trade policies and agreements will be needed in the future.

Empires have unfairly gotten a bad name, not least in U.S. domestic politics. This is particularly unfortunate, as the world needs an American pax to provide both global peace and prosperity. The most urgent task in the new imperium is to bring the world of Islam into the modern world, without seeking to alter its soul. In this monograph, Deepak Lal gives reasons to believe the United States should be able to fulfill this imperial task. But is it willing? Given the continuing resonance of Wilsonian moralism in public discourse, Lal is doubtful. There must first be an acceptance in domestic...

In this timely and controversial book, economist Deepak Lal explores the twin themes of empires and globalization and discusses the place of the US in the current world order. In Praise of Empires argues that not since the fall of the Roman empire has there been a potential imperial power like the United States today, and asks the question: Is a US impirium needed for the globalization which breeds prosperity? What form should this empire take - a direct 'colonial' or 'indirect' empire? Will America be able and willing to run an empire? Lal explores the Islamic threat to the position of the...

This wide-ranging and innovative book synthesizes the findings of a major international study of the political economy of poverty, equity, and growth. It represents an ambitious interdisciplinary attempt to identify patterns in the interplay of initial conditions, institutions, interests, and ideas which can help to explain the different growth and poverty alleviation outcomes in the Third World.