Includes bibliographical references (p. 361-372) and indexes.

General Considerations.- 1: Introduction.- 1. The World We Live In.- 2. The Benchmark Path for Catching Up.- 3. Inspection of the Foundations of the Benchmark Path Model.- Appendix 1.1 Some Statistical Description.- Appendix 1.2 The Implications of Trend Acceleration.- Summary.- Questions and Exercises.- 2: Replicable Cases?.- 1. East Asian Economies in the Trading World.- 2. The Shared Initial Conditions.- 3. The Economic Consequences of Confucianism.- 4. The Example of Japan: Achievements and Impact.- Appendix 2.1 A Model for the Dynamics of Human Capital.- Ancient Times.- Summary.- Questions and Exercises.- 3: Conditions for Sustained Growth.- 1. Regularities, Explanations and Implications.- 2. Learning-By-Doing and Trade.- Appendix 3.1 Examples of Learning-By-Doing.- Summary.- Questions and Exercises.- 4: Channels for Technology Acquisition.- 1. Product Cycle and Staged Development.- 2. The Game of Technology Transfer.- 3. Brain Drain and Reverse Brain Drain.- Culmination of the Catching Up Process.- Summary.- Questions and Exercises.- 5: Major Debates in Economic Development.- 1. Industrial Policy for a Development State.- 2. Liberalism and Revisionism.- 3. Pitfalls in Measuring Productivity Gain.- Summary.- Questions and Exercises.- 6: Crisis amidst Growth.- 1. General Remarks.- 2. The Volatility of the Terms of Trade - A Simple Example.- 3. The Political Economy of Debt Crisis.- 4. Connectedness Over Disjoint Subsystems.- Concluding Remarks.- Appendix 6.1: Debt Crisis and Rescue - A Theoretic Perspective.- Summary.- Questions and Exercises.- 2: Economy-Specific Evidence.- 7: The Republic of Korea.- 1. General Observations.- 2. The Necessary and Sufficient Conditions.- 3. Governing the Market, Park's Style.- 4. The Heavy Chemical Industry Drive (HCI) and General Trading Company (GTC).- 5. Korea after Park and a Reappraisal.- 6. A Comparison with Japan and Other NIEs.- 7. Replicability and Other Lessons.- Appendix 7.1: Why Does the Philippines Lag Behind Korea?.- Summary.- Questions and Exercises.- 8: Taiwan.- 1. Introductory Remarks.- 2. Economic Performance.- 3. The Economic Structure.- 4. Industrial Policy - Taiwanese Version.- Possibility of Replication.- Summary.- Questions and Exercises.- 9: Hong Kong.- 1. Introductory Remarks.- 2. Hong Kong - The Highly Industrialized Phase.- 3. Hong Kong - The De-Industrializing Phase.- 4. Final Remarks.- Appendix 9.1 The Roles of Hong Kong: Entrepot, Central Place, and Intermediary.- Summary.- Questions and Exercises.- 10: Singapore.- 1. Introduction.- 2. Survival through Industrialization.- 3. To Thrive through Restructuring.- 4. Concluding Remarks.- Summary.- Questions and Exercises.- 11: Outward Oriented Development Elsewhere.- 1. A Search for Additional Evidence.- 2. Malaysia.- 3. The People's Republic of China.- 4. Mauritius.- Appendix: Additional Observations on the Chinese Economy.- Summary.- Questions and Exercises.- 12: Conclusions.- 1. At the Turn of the Millennium.- 2. The North and the South in Literature.- 3. The North and the South in Practice.- 4. Study of the Future and the Future of Studies.- 5. A Final Remark: What Value Is Rapid Growth?.- 6. Replicable Asian Lessons - Five Principles from Sen.- Appendix 1: Singapore's Choice.- Appendix 2: Industry Exodus in Recession.- Summary.- Questions a