In This Review

The Political Economy Of The New Asian Industrialism
The Political Economy Of The New Asian Industrialism
Edited by Frederic C. Deyo
Cornell University Press, 1987, 252 pp

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.