Is the East Asian growth record replicable today? This book answers: yes. It places the common East Asian theme in the theoretic context of product cycles, globalization and convergence and the historical perspective of the "German Miracle" after World War II, also the more recent Irish growth; it identifies the effective policies for sustained, rapid growth by structured comparisons among different economies; it evaluates the strengths and weaknesses of the alternative policy packages of Korea, Taiwan, Hong Kong, and Singapore, in the light of such recent events like global trend for...

• Outward-orientation vs. inward-orientation;
• Sources of growth;
• Dynamic balanced growth process: the interaction between agricultural and non-agricultural sectors;
• The role of government in the transition to a more market-oriented economy; and
• The potential transferability of the Taiwanese development experience to developing countries.
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