The Political Economy Of The New Asian Industrialism

Edited by Frederic C. Deyo
Reviewed by Lucy Edwards Despard

The authors of this volume feel the need of a theoretical explanation for the remarkable economic performance of the newly industrializing countries of East Asia. They emerge from their inquiries-or at least the editor does-with the view that governments acquire a "strategic capability" to carry out effective development policies through a combination of domestic authoritarianism, good favorable links with the external world and efficient economic institutions. He hedges on Hong Kong.