Differences and similarities in the development paths taken by six East Asian economies (Indonesia, Malaysia, Philippines, Thailand, South Korea, and Taiwan) provide a fertile ground for policy analysis from which important lessons are drawn and major challenges identified for the Indochinese...

For more than three decades the economic performance of eight East Asian economies has been the envy of the world. Though some of these "miracle economies" are now experiencing currency devaluations, stock market retrenchment, and slower growth, it would be premature to proclaim the end of the...