The spectacular success of the Newly Industrializing Economies NIEs of KoreaTaiwan Hong Kong and Singapore has prompted debate on whether an East Asiangrowth mo... » 

The spectacular success of the Newly Industrializing Economies NIEs of KoreaTaiwan Hong Kong and Singapore has prompted debate on whether an East Asiangrowth model exists. This success has been the subject of much discussion inthe development studies profession and the already voluminous literaturecontinues to grow rapidly.In one of the first books to synthesize work on the region Anis Chowdhury andIyanatul Islam discern two competing paradigms in the literature theneoclassical approach which interprets the East Asian economic miracle as thepredictable outcome of good economic policies and the statist perspectivewhich draws attention to the central role of the government in guiding EastAsian economic development. The book blends studies of countryspecificexperiences with an examination of fundamental themes in development studies.The authors identify the deficiencies in current knowledge of such issues astrade and financial liberalization the appropriate role of the state in lateindustrialization and the future evolution of the East Asian NIEs in an era ofdemocratization. «