Alice H. Amsden is Barton L. Weller Professor of Political Economy at the Massachusetts Institute of Technology. She received her PhD from the London School of Economics. Her research interests are in economic and industrial development, and her most current research includes a project with the Asian Development Bank Institute on research and development by foreign firms in developing countries. She is currently working with the ADBI on a project on the Indian software industry. She has been awarded the Leontief Prize for Advancing the Frontiers of Economic Thought, by Tufts University's Global Development and Environment Institute Scientific American Top 50 Visionaries. Her recent publications include: Beyond Late Development: Taiwan's Upgrading Policies, coauthored with Wan-wen Chu (MIT Press, June 2003) and The Rise of "the Rest": Challenges to the West from Late-Industrializing Countries (Oxford University Press, 2001. Professor Amsden has also served as a consultant with the World Bank, OECD, and various United Nations organizations, and has written extensively on problems of industrial transformation in East Africa, East Asia, and Eastern Europe.