Globalization economic development and inequality : an alternative perspective The expert contributors gathered here approach underdevelopment and inequality from different evolutionary perspectives. It is argued that the Schumpeterian processes of creative destruction may take the form of wealth creation in one part of the globe and wealth destruction in another. Case studies explore and analyse the successful 19th century policies that allowed Germany and the United States to catch up with the UK and these are contrasted with two other case studies exploring the deindustrialization and falling real wages in Peru and Mongolia during the 1990s. The case studies and thematic papers together explore identify and explain the mechanisms which cause economic inequality. Some papers point to why the present form of globalization increases poverty in many Third World nations pt. I. Foundations of an alternative theoretical perspective pt. II. The strategy of success : nineteenth century United States and Germany pt. III. The strategy of failure : late twentieth century deindustrialization and the economics of retrogression pt. IV. Technical change and the dynamics of income inequality