A.S. BHALLA is an Economic Consultant based in Geneva, Switzerland. He was formerly Fellow of Sidney Sussex College at the University of Cambridge, UK and Special Advisor to the President of International Development Research Centre, Ottawa. Dr Bhalla has also held academic positions at the Universities of Yale, Manchester and Oxford. FRÉDÉRIC LAPEYRE is Professor at the Institute of Development Studies of the Catholic University of Louvain and member of the United Nations Intellectual History Project. Previously, he was Associate Professor at the Graduate Institute of Development Studies in Geneva, and Fulbright Fellow at Brown University. He has contributed to the work of the World Commission on the Social Dimension of Globalization established by the International Labour Organization in February 2002. Prior to that, he worked with the Council of Europe and the ILO in the framework of poverty and social exclusion research and applied programmes.