This is a book of essays offered in honour of Paul Rosenstein-Rodan, the distinguished economist. The text includes reviews of past developments, chapters on development trade and value theory, an assessment of contemporary emerging economic patterns, development and trade policy, and investment policy.

Skilled immigration into rich countries and competition for talent and professional skills are of major concern among nations today. Comprehensive immigration reform addressed to illegal immigration predictably foundered in Congress last year. This revived the question of skilled immigration and was hastily added to the proposed reform agenda in the hope that it would bring more pro-immigration troops into battle. Immigration reform still failed but it will not die. The specific issue of skilled immigration, and how to redesign it, will remain one of the central issues before the world...