China's accession to the WTO requires a great many specific policy reforms. However, if the best results are to be obtained, it is important that these reforms be implemented as part of a consistent development program, rather than simply by treating them as a recipe. To do this, policy makers...

The World Bank has completed a major study of East Asian growth every four years, beginning with the seminal The East Asian Miracle in 1993. Three major developments since the early 1990s call for a reexamination of East Asian growth: the meteoric rise of China, the economic crisis of the...