Preface -- Acknowledgements -- Acronyms and abbreviations -- Structural transformation in developing countries -- Employment -- Productivity growth -- Urbanization -- Industrialization -- Poverty -- Role of the state and policy -- Index

The East Asian miracle was real. Prior to the 1997 economic and currency crises, Asian NICs Hong Kong, Korea, Singapore and Taiwan achieved remarkable annual GDP growth. In these countries the overall economic performance was significantly determined by the industrial development triggered by...