This text reflects the developments in the economic understanding of the third world. Williamson argues that third world analysts ignore economic history at their peril, and uses it to speak to the issues of the 1990s. Economic knowlege of third world development has undergone a transformation since the 1970s. Improvements in data, new theory and a revolution in policy, have, as a result produced a dramatic evolution in development thinking. This collection presents accumulation, inequality and growth from an historical perspective, but the agenda in each essay is moulded by the contemporary debate. This work is aimed at economic historians, development analysts and practitioners concerned with economic growth in the third world.