As a consequence of discussions in this forum and some work I had been doing for the World Bank, combined with a proposed consultancy with a country I know reasonably well, I decided to try looking ahead at what I would want to engage in next, if I had the opportunity to set my own agenda. A three page note eventually expanded into a 14-page paper which I recently discussed at the New School. (The discussion was better than presentation - I am out of practice in the latter!). As the discussion was quite stimulating, I have continued to fiddle with the paper, clarifying and adding a few items. It is now at a stage that I would welcome your views and suggestions. I should mention that John Short, Hal Le and Mauro have already made valuable contributions to the version I am attaching, below.