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G.P. Isser, a former member of Indian Foreign Service (I.F.S.) and former Ambassador of India, is currently engaged in Research in various aspects of development Economics. During his diplomatic career, he served at various levels in Indian Missions abroad. The missions where he served included Indian mission in Brussels, Colombo, Muscat, Rabat, Tokyo, Khartoum, etc. On the basis of his thesis on The Role of Trade in Economic Development, he was awarded fellowship from the Indian Institute of Foreign Trade, New Delhi. His research work was also published under the same title. His present study and research work centers around the evolution of development thought and policy with special reference to poverty-alleviation in the developing world. Recently, he has authroed a book entitled Stages in Development Thinking and Emerging Challenges for Development Economics. Through the present work the author has provided inputs to the policy-makers to meet the challenges of eradication of poverty in the developing world and has brought to focus the opportunities and challenges presented by globalisation in fighting poverty.