The importance of this book lies in its unique treatment of the economics of the developing countries. Emphasis is placed on the theoretical foundation of new theories and empirical models of development. A number of new topics are added in regard to the migration of labor force due to globalization, the relationship between private and public sectors, problems of regulations of the private sectors, problems of labor management in the era of globalization and transfer of organizational systems by the multinational companies from one country to another across cultural boundaries. Along with these new treatments of traditional topics such as population planning and monetary-fiscal policy, gender issues are included as well. The approach throughout is analytical, based on either theoretical or empirical models of the economy.

Contents:Growth and Development:; The Sustained Growth and Its Relation to the Initial Conditions (M Takashima); Population and Poverty: A General Equilibrium Approach (M Lundahl); Immigration, Output and Welfare in a Growth Model (P Sen); Labor Market and Economic Policy:; Inter-Governmental Monetary Cooperation and International Migration of Labor (A Shimada); Getting Tough with Workers: More on the Strategic Role of Debt (G Garvey & N Gaston); Resource Allocation, Conflicts, and Resolutions:; Equitable and Decentralized Solutions for the Allocation of Indivisible Objects (S Lahiri); Planning, Competition and Cooperation: The Scope for Negotiated Settlements (S Littlechild); The Role of Relationship Banking on the Performance of Firms in Bangladesh (S Uchida & S U Ahmed); Policy Modeling:; Structural Adjustment Program and Public Fiscal Policy in India, 1990-1995 (D R Basu); Policy Analysis:; Openness to Trade and the Poverty of Female-Headed Households in Turkey (O Guncavdi & R Selim); China's Economic Performance and Transition in Relation to Globalization: From Isolation to Center-Stage (C Tisdell); Globalization and International Business:; Globalization and Creation of Organizational Citizenship in the Developing Countries: A Case Study of Toyota in India (V Miroshnik).