This volume is about development policy since the end of the Cold War. One set of essays, under the heading of globalization, includes a critique of foreign aid, proposals for a new framework for development cooperation and an assessment of arguments for regulating world markets within a liberal global economy. Another set focuses on various types of economic transitions, namely, from central planning to a market oriented system, from capitalism to socialism and from an inward to an outward oriented strategy. Throughout the volume the human development approach is used to illuminate some of the major issues of our time.