Edited by the late Gustav Ranis, formerly Frank Altschul Professor of International Economics and Director, Yale Center for International and Area Studies, Yale University, US, the late Sheng-Cheng Hu, formerly Minister without Portfolio, Executive Yuan, Academia Sinica, Taiwan and Professor of Economics (Joint Appointment), National Taiwan University, Taiwan, and Yun-Peng Chu, Professor of Economics and Director, Research Center for Taiwan Economic Development, National Central University, Taiwan

• Contents: Preface Part I: Overview 1. As the Century Turns: Analytics, Empirics and Politics of Development Part II: Sources of Development 2. The Sources of East Asian Economic Growth 3. Can Capital Fundamentalism be Revived? A General Equilibrium Approach to Growth Accounting 4. Incomplete Currency Markets and Growth: Some Evidence from Southeast Asia and the Lessons from Japan and Taiwan 5. Initial Pre-takeoff Conditions and Stages of Growth 6. A Dual-Dual Framework to Analyze Intersectoral Relationships throughout the Development Process 7. Changing Industrial Structure and Economic Development: Prewar Japan Revisited Part III: Income Distribution and Development 8. Growth and Changes in Inequality in Labor-absorbing Economies 9. Income Distribution and Development in Newly Industrialized Countries 10. Changes in Inequality and Welfare in a Developing Country Experiencing Hyperinflation Part IV: Institution and Development 11. Growth, Poverty and Inequality in the Philippines 12. The Founding of the Bretton Woods Institutions: A View from the 1990s 13. Democracy, Conflict and Development – Three Cases Index

'I warmly recommend The Political Economy of Comparative Development into the 21st Century to everybody interested in the nature of economic development. The essays are thought provoking and intellectually challenging.'