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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 liberalization, and the Crises of 1997 and 2001. Economic Development in a Globalized Environment also scrutinizes the major debates in development economics, using documented cases, and analytic reasoning for support

Preface -- pt. I. Harnessing globalization - how has East Asia done it. The pre-conditions : East Asia missed out in launching the industrial revolution (brief note 1). Article 1. A note on knowledge capital and the Needham paradox / Academia Economic Papers. The second chance after WWII: the record of East Asia among the late-comers (brief note 2). Article 2. On the mechanism of catching up, jointly with Man-lui Lau / European Economic Review. Japan pioneered industrialization via institutional development: the post-WWII transformation of corporate governance (brief note 3). Article 3. Nipponized Confucian ethos or incentive-compatible institutional design: notes on Morishima, "Why has Japan succeeded?" / International Economic Journal. East Asian development : Japan as the growth pole (brief note 4). Article 4. Comments on Chakravarty's 'Marxist economics and contemporary developing economies' / Cambridge Journal of Economics. Deregulation in reform : the taking-off of Korean growth (brief note 5). Article 5. Reform unleashed Korean growth / German Economic Review. Moving along the upper bound : Singapore reaching out for its potential (brief note 6). Article 6. The Singaporean economy: prospects for the 21st century / The Singapore Economic Review. To have and have not an industrial policy : the Hong Kong-Taiwan comparison (brief note 7). Article 7. Industrial targeting: lessons from past errors and successes of Hong Kong and Taiwan, jointly with Erik Thorbecke and An-Chi Tung / The World Economy. The win-win game of intermediation : the Hong Kong PRC connection (brief note 8). Article 8. Hong Kong: the fragile economy of Middlemen, jointly with Jason Weisman / Review of International Economics. Challenges for a billion-people economy: a prognosis for the development of the PRC (brief note 9). Article 9. How size matters to future Chinese growth: some trade-theoretic considerations / Critical Issues in China's Growth and Development. Interdependent evolution : the North-South interactions (brief note 10). Article 10. Emulative development through trade expansion: East Asian evidence, jointly with P. H. Van / International Trade Policy and the Pacific Rim -- pt. II. East Asia in context. Contrast among the Chinese economies (brief note 11). Article 11. Six challenges facing the Chinese economies, three Chinese economies - China, Hong Kong and Taiwan: challenges and opportunities. Alternative approaches for the industrial structure (brief note 12). Article 12. Specialization pattern and multistaged growth: Korea and Taiwan compared, jointly with Toshiyasu Kato / Review of Development Economics. Comparative worldwide development records (brief note 13). Article 13. Towards a unified theory of the growth process, jointly with Erik Thorbecke / WIDER Angle -- pt. III. Some debates in development theory. Must trade retard growth for the developing economies? (brief note 14). Article 14. Why trade matters to development: a learning model / Economic Theory and International Trade: Essays in Honour of Murray C. Kemp. Why rapid growth is associated with stagnant total productivity? (brief note 15). Article 15. Total factor productivity and the catching-up process, jointly with Yeun Yeun Lim / Human Capital, Trade and Public Policy in Rapidly Growing Economies: From Theory to Empirics.