This paper attempts to distil the key conclusions from the very large literature on the empirics of growth and to apply them to the development record of the five major Southeast Asian economies for which we have reasonably long-term data — Indonesia, Malaysia, The Philippines, Singapore and...

This article updates the May 1989 literature survey on foreign direct investment (FDI) in the East Asian region published in this journal. Following an overview of trends of FDI in the 1990s, it focuses on three key issues: the impact of the recent Asian economic crisis on FDI inflow relative to...

Radius Prawiro (1998), Indonesia's Struggle for Economic Development: Pragmatism in Action, Oxford University Press, Kuala Lumpur, pp. xxvi + 374. Yujiro Hayami (1997), Development Economics: From the Poverty to the Wealth of nations, Clarendon Press, Oxford, pp. xx + 316. A$160.00.

(This is a revised version of a paper prepared for the World Bank project on East Asia's Future Economy, coordinated by Shahid Yusuf, and first presented at a conference at Harvard University, October 1-2.)