This book analyses the postwar development of East Asian economies and assesses the prospects for copying this blueprint elsewhere. Leading economists examine the key factors and policy issues involved, especially the changed emphasis from import-substitution to outward-orientation.

List of figures; List of tables; List of contributors; Dedication to Helen Hughes by H. W. Arndt; Editorial preface; 1. The role of trade in growth and development: theory and lessons from experience Anne O. Kruger; 2. The East Asian growth model: how general is it? Enzo Grilli and James Riedel; 3. Interrelationships between economic ideas and policy in the international institutions Richard H. Snape; 4. Government's role in East Asia's economic success Chia Siow Yue; 5. Trade policy and the globalisation of production Isaiah Frank; 6. East Asia in the international system: Asia Pacific economic co-operation and the challenge of discriminatory trade Ross Garnaut and Peter Drysdale; 7. Exchange rate regimes and outward-looking growth E. S. Leung; 8. Has development assistance aided development? - The Australian case Nancy Viviani; 9. Demographics and markets - are there limits to export promotion strategies? Philippa Dee and Christopher Findlay; 10. Sustaining China's remarkable exports and growth performance Yongzheng Yang; 11. Commodity terms of trade and instability Ron Duncan; 12. Agricultural policy: constraints to development Kym Anderson; 13. Environmental constraints on development and international rules David Robertson; Bibliography; Index.