This volume brings together some of the most influential scholars in development economics to explore how to improve the well-being of the poor, how to design effective structures and institutions for poverty reduction and what the role of economic, political and social dimensions are (and should be) in global development. Issues addressed include globalization; both its governance and a historical perspective; inequality, of income, and the potential for conflict; trade and labour practises in a transitional and developing world, and; the natures and characteristics of institutions and markets.Wider Perspectives on Global Development; G.A.Cornia, M.Pohjola & A.Shorrocks The Contribution of the New Institutional Economics to an Understanding of the Transition Problem; D.C.North More Instruments and Broader Goals; Moving Toward the Post-Washington Consensus; J.E.Stiglitz Is Rising Income Inequality Inevitable? A Critique of the Transatlantic Consensus; A.B.Atkinson Globalization and Appropriate Governance; J.N.Bhagwati Horizontal Inequality: A Neglected Dimension of Development; F.Stewart Winners and Losers over Two Centuries of Globalization; J.G.Williamson Global Labour Standards and Local Freedoms; K.Basu Rethinking Growth Strategies; D.RodrikANTHONY B. ATKINSON Warden of Nuffield College, University of Oxford, UKKAUSHIK BASU C. Marks Professor of International Studies and Professor of Economics and Director, Program on Comparative Economic Development, Cornell University, USAJAGDISH. N. BHAGWATI Professor, Columbia University and Senior Fellow in International Economics, Council on Foreign Relations, New York, USAGIOVANNI ANDREA CORNIA Professor, Faculty of Economics, University of Florence, ItalyDOUGLASS C. NORTH Spencer T. Olin Professor in Arts and Sciences, Washington University, USAMATTI POHJOLA Professor of Economics, Helsinki School of Economics, FinlandDANI RODRIK Professor of International Political Economy, John F. Kennedy School of Government, Harvl4