This paper seeks to analyze the prospects for development in a changed international context, where globalization has diminished the policy space so essential for countries that are latecomers to development. The main theme is that, to use the available policy space for development, it is...

This paper analyses the evolution of developing countries in the world economy from a long-term historical perspective, with a focus on the second half of the 20th century. It highlights the dominance of the South until about two centuries ago, ago, and traces its decline and fall from 1820 to...

This paper situates globalisation in historical perspective to analyse its implications for development. It sketches a picture of globalisation during the late nineteenth and twentieth centuries. A comparison of these two epochs reveals striking parallels, unexpected similarities and important...