YEW-KWANG NG graduated with a B.Com. from Nanyang University (Singapore) in 1966 and a Ph.D. from Sydney University in 1971. He has been a fellow of the Academy of Social Sciences in Australia since 1980. He has published refereed papers in economics, biology, mathematics, philosophy, and psychology, and articles in the popular press. Books published include, Increasing Returns and Economic Analysis, ed. (with K.J. Arrow and X.Yang), Efficiency, Equality, and Public Policy: With a Case for Higher Public Spending and Welfare Economics:Towards A Complete Analysis . - HELING SHI is Senior Lecturer in Economics, Monash University. He has applied inframarginal economics in the areas of international trade and globalization, economic growth, industrialization, E-commerce, economics of property rights and the international comparison of living standards. He has published referred papers at American Economic Review, Journal of Comparative Economics, Journal of Economic Behavior and Organization, Economic Letters, and other professional journals. He has also been appointed as a macroeconomic/institutional/legal specialist by the Asia Development Bank to architecture development strategy for developing countries, such as China, in the areas of privatization and industrial policy, competition law, trade and globalization, fiscal and monetary policies, and E-commerce. - GUANG-ZHEN SUN is Logan Fellow in Economics, Monash University and Assistant Professor of Economics, the University of Macau, with a Ph.D in economics from Monash University (1999). He has published in microeconomic theory, urbanization and industrialization, public choice, input-output analysis, social choice, bioeconomics, sociology and literary criticisms in refereed journals. He is currently undertaking a project exploring into the nature and evolution of the network of trade and the division of labor. - -