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This book was written as part of the World Institute for Development Economics Research's Macroeconomics Research Project. All involved would like to express their thanks to Stephen Marglin, director of the project, for his enormous contribution, organizational as well as intellectual. Several contributors to this volume have been associated with the project for a number of years and, thanks to his efforts, it has formed an ideal context for collaborative work.

Drafts of most of the chapters were discussed at a meeting at Corpus Christi College, Oxford in June 1993 and the value of these discussions was much enhanced by the work of Alvin Birdi as rapporteur.

Thanks are also due, for comments or other assistance with particular chapters, to Wendy Carlin and Bob Rowthorn (chapter 3), Jeff Chou, Heidi Ho and Tracy Terfertiller (chapter 4), Herman Cesar, Gerry Cohen and Bishnupriya Gupta (chapter 6), Mamta Mittal, Manoj Panda and Jyotsna Puri (chapter 8) and Jung Wk Kim (chapter 9).

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