Few non-western countries have reached the general prosperity of Western Europe and North America in the past two centuries. The core-periphery structure of the world economy created in the early decades of the Industrial Revolution has proved robust, even after seven decades of self-conscious...

Published originally in 1990 to critical acclaim, Robert Wade's Governing the Market quickly established itself as a standard in contemporary political economy. In it, Wade challenged claims both of those who saw the East Asian story as a vindication of free market principles and of those who...