Political economy - the original name for economics in its entirety - has in recent years witnessed a semantic broadening to include some of the preoccupations of classical economics. This intriguing collection of contributed work is concerned mainly with developments in the neo-classical tradition and examines the role played by rational choice in the decision-making processes of firms and the State.
With contributions from leading scholars including Tony Addison, Bruno Frey and Alan Rugman, this book is an important addition to the field of Political Economy and should become essential...

This excellent new book contains contributions from a number of leading experts and is the result of the UNU/WIDER project on globalization and low-income countries. The discussion focuses in on how to harness globalization for the benefit of present day marginalized countries and enhance their meaningful participation in the globalization process.
Vital reading for students and academics interested in development economics, this collection will also prove an invaluable tool for policy-makers.

Two prominent features of the current global economy are the world-wide recession brought about by the recent financial crisis, and the emergence of major economic powers from within the developing world such as Brazil, China and India. The former represents the failure of global regulatory policies and macroeconomic imbalances between surplus and deficit countries; the latter is symptomatic of a partial shift in economic power towards developing nations, who are often collectively labelled the global South. The macroeconomic imbalances are unsustainable in the longer run as they mean greater...