Literature on the Pacific Basin success story is turning into a small cottage industry. This book by a Swedish economist and former minister of trade stands out as one of the most stimulating. He discusses three principal effects of the spectacular economic growth. First, the success of the Pacific's market economies will provide a powerful demonstration effect and influence patterns of thought and economic strategies in other regions, such as China. Second, it will make possible broader and more substantial interregional partnership. Finally, and negatively, certain sectors of national economies will see Pacific growth as a competitive threat.