as the "engine of growth." It is in the context of industrialization that openness played an important role in East Asia … exchange) and industrialization. Part 1 of the paper documents the extent of structural transformation in developing Asia …This paper argues that the single most important factor that explains East Asia's development success was its fast …

Industrial transformation of Asia arguably constitutes the most surprising and dramatic change in the global economy in … selected national industrial policies that promoted structural transformation in developing Asia during the period. In the … first part, we describe crucial dimensions of industrialization in the region - its extent, its historical trajectory, and …