This collection exmines the lfaws in the Washington Consensus and looks at the key link between market and government. The East Asian Miracle shows that the market and government are complementary, particularly with regard to economic development. However, the nature of this relationship has not been fully clarified. The book assesses development strategies and policy issues in the context of individual and/or regional economy's history and political-economic reality.

With these perceptions in mind, the book focuses on the role and significance of government in economic development and examines the effects of initial conditions and of the development policies of developing economies on their structures and performances under globalization. The type of policy interventions that could promote economic development through institution building and the increasing role of government in security provision both within and across nation states are discussed. Alternative strategies are suggested for future development.

List of Tables
List of Figures
Notes on the Contributors
Preface
New Development Strategies: Beyond the Washington Consensus; A.Kohsaka
PART I: MARKETS, GOVERNMENTS AND INSTITUTIONS
Development Strategies for the Twenty-First Century; D.Rodrik
Re-examination of Development Policies and Strategies: Some Political Economy Lessons; J.B.Nugent
National Economies under Globalization: A Quest for New Development Strategies; A.Kohsaka
PART II: DEVELOPMENT STRATEGIES UNDER GLOBALIZATION
Globalization and Development: A Re-examination of Development Policy; K.Basu
New Development Strategies under Globalization: Foreign Direct Investment and International Commercial Policy in Southeast Asia; F.Kimura
Development Strategy and the Roles of Government Policies: Reconsidering the East Asian Experience; K.Ohno
PART III: POLICY REFORMS AND THE ASIAN FINANCIAL CRISIS
Political and Institutional Lessons from the Asian Financial Crisis; S.Haggard
Re-examination of Korea's Economic Adjustment Policies: Based on the Korean Experience after the 1997 Crisis, Y.J.Cho
Regulator's Dilemma: Hedge Funds in the New International Financial Architecture; B.Eichengreen
PART IV: TRANSITION TO A MARKET ECONOMY
Market Creation in Transition Economies: Reconstruction of Production Linkages in Kazakhstan; K.Nishikimi
Strategic Choices for China and Vietnam in the Twenty-First Century; D.H.Perkins
Index

AKIRA KOHSAKA has been affiliated with Osaka School of International Public Policy, Osaka University, since 1994. His major fields of interest are international economics and development economics.