In This Review

Southeast Asian Capitalists
Southeast Asian Capitalists
Edited by Ruth McVey
Cornell Southeast Asia Program, 1992, 218 pp

Economists and political scientists have sought and offered explanations for the rapid growth of east Asia's newly industrialized countries. This is one of the first broad efforts by a group of specialists on southeast Asia to do the same. In a brilliant introductory essay, the volume's editor explores what she calls the three main explanations of capitalist development in southeast Asia: CC or Confucian culture, MM or the magic of the marketplace, and SS or the strong state. She then adds an important fourth: the international environment of growth that made available an abundance of foreign capital. McVey's essay is an intellectual tour de force.