East Asia, for long the epitome of successful engagement in trade, faces serious challenges: technological change that … access to important markets. A detailed analysis of the evolution of East Asia's trade and trade policy in goods and services … leads to the conclusion that how East Asia copes with these global challenges will depend on how it addresses three more …

, selective adaptation, and industrial upgrading. This paper attempts to distill lessons from China's reform and opening up … process, and investigate the underlying reasons behind China's success in trade expansion and economic growth. From its … beginnings with home-grown and second-best institutions, China has embarked on a long journey of reform, experimentation, and …