Preface; R.Ffrench-Davis & J.L.Machinea Growth and Equity: In Search of the 'Empty Box' J.L. Machinea and O. Kacef PART 1: RECENT SUCCESSFUL EXPERIENCES ON ECONOMIC DEVELOPMENT What Produces Economic Success? D.Rodrik Development Success: May History Breed Humility; W.Easterly The Dual Divergence: Growth Successes and Collapses in the Developing World Since 1980; J.A.Ocampo & M.A.Parra PART 2: INTERRELATIONS BETWEEN GROWTH AND EQUITY Is Greater Equity Necessary for Higher Long-term Growth in Latin America? F.Bourguignon & M.Walton Pro-Growth Social Policies in Latin America; M.Szekely PART 3: FINANCIAL MARKET DEVELOPMENT FOR GROWTH AND THE CAPITAL ACCOUNT Financial Development, Growth and Equity in Brazil; A.C.Pinheiro & R.Bonelli Financial Globalization: From Crises-Prone to Development-Friendly? R.Ffrench-Davis PART 4: TRADE FOR GROWTH Trade and Growth: Why Asia Grows Faster than Latin America; M.R.Agosin Trade and Growth: Past Experience and Perspectives for Latin America; M.de Paiva Abreu