Asia's Miracle Economies

An expanded and updated edition of Woronoff's 1986 study of Asia's emerging economic giants, this book looks back at what has happened in the intervening years, especially as regards the "discovery" of this phenomenon in the Western media and the overreactive hype that has accompanied it. As the author puts it: "My purpose is to show how these countries, which hitherto has been quite unremarkable, began to develop vigorously. What policies and strategies they used. What they did right and, even more importantly, what they did wrong." One: The Places; 1: Japan's Two “Miracles”; 2: Taiwan, Industrial Island; 3: Korea, Man-Made Miracle; 4: Singapore, Capitalist Haven; 5: Hong Kong, Capitalist Paradise; Two: The Policies; 6: Where There's A Will . . .; 7: Diverse Faces of Capitalism; 8: Conjuring Up Industries; 9: Upgrading Exports; 10: Downgrading Imports; 11: Technological Leapfrogging; 12: Age of Neo-Development; Three: The Prospects; 13: New Challenges; 14: Allies or Rivals?; 15: Asian Spillover; 16: East Confronts West; Epilogue: Keeping The “Miracle” Alive