Southeast Asian Capitalists

In This Review

Southeast Asian Capitalists

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