VALPY FITZGERALD is Director of the Oxford University Finance and Trade Policy Research Centre and a Professional Fellow of St Antony's College, Oxford, UK. He has acted as economic policy advisor to a number of Latin American governments as well as to the UN, the OECD and the UK Department of International Development. He is author of Global Markets and the Developing Economy. ROSEMARY THORP is Director of the Oxford University Latin American Centre and a Fellow of St Antony's College, Oxford, UK. She recently authored the influential InterAmerican Development Bank study Progress, Poverty and Exclusion: An Economic History of Latin America in the Twentieth Century and she is editor of An Economic History of Twentieth-Century Latin America. She is also Chair of Oxfam, GB.