Title first publishedin 2003. This comprehensive book focuses on the prevailing conditions in Asia and Africa under various macroeconomic and sectoral themes in order to provide in depth explanations for the divergent development experiences of the two regions. Seeking to go further than the simple comparison of policies, the book carefully examines the institutional context for policy implementation within which growth and development have proceeded in the regions. '...the editors demonstrate the valuable insights that can be obtained from a knowledgeable application of the new institutional economics which is at the cutting edge of development studies.' Professor Tony Killick, Overseas Development Institute, London