Introduction; H.Esfahani, G.Facchini, L.Neal & G.Hewings PART I: THE ROLE OF INSTITUTIONS International Cooperation and Global Justice; P.Streeten Latin America, UNCTAD, and the Postwar Trading System; J.Love Import Substitution Industrialization in Latin America: Experience and Lessons for the Future; C.Braga With or without the IMF? Economic Recovery after Devaluation in Argentina and Brazil; A.Gallo The Decision to Become Informal Self-Employed in Latin America; P.Gonzalez, W.Cunningham & W.Maloney Institutions and Economic Growth in the Atlantic Periphery: The Efficiency of the Portuguese Machinery of Justice, 1870-1910 51; J.Reis An Evaluation of the Contractionary Devaluation Hypothesis; R.Bebczuk , A.Galindo & U.Panizza PART II: INCOME DISTRIBUTION AND EOCNOMIC DEVELOPMENT Interpreting Brazilian Income Distribution Trends; D.Coes The Evolution of Agriculture and Land Reform in Brazil, 1960 2006; C.Mueller & B.Mueller Human Capital and Income Concentration in Brazil; M.Bugarin PART III: REGIONAL ASPECTS OF ECONOMIC DEVELOPMENT Structural Analysis of Employment in the Brazilian Economy: 1996 and 2002 Compared; J.Guilhoto, S.Ichihara & M.Amorim Trade Liberalization, Space and Regional Development; E.Haddad Regional and Demographic Determinants of Poverty in Brazil; A.Souza, C.Azzoni & V.Nogueira PART IV: NEW CHALLENGES The Political Economy of the New Left in Latin America: Does the Bell Toll for Neo-Liberalism?; E.Amman Deficit Targeting: an Incentive Mechanism for Subnational Fiscal Deficit Reduction in Brazil; M.S.Bugarin, M.N.S.Bugarin & H.Pires Is there any Difference in Well-being between American and Brazilian College Students; T.Cavalcanti, J.F.Guimaraes & J.R.Nogueira PART V: A RETROSPECTIVE ON WERNER BAER Economics the Werner Baer Way; L.Samuelson Making a Great Difference: the Influence of Professor Werner Baer on the Economic Literature in Brazil, and on Brazil; C.R.Azzoni