List of Contributors. Preface. Part I: Introduction. 1. Overview: The Lessons from Taiwan: Relevance, Limitations and Transferability; E. Thorbecke, H. Wan. 2. The `Miracle' That Did Happen: Understanding East Asia in Comparative Perspective; J. Bhagwati. Part II: Key Macro Policies and Reforms in Taiwan's Development. 3. Government Policy in the Taiwanese Development Process: The Past 50 Years; S.W.Y. Kuo. 4. Taiwan's Industrialization Policies: Two Views, Two Types of Subsidy; A.H. Amsden. 5. The Trade-Growth Nexus in Taiwan's Development; G. Ranis. 6. A Balanced Budget, Stable Prices and Full Employment: The Macroeconomic Environment for Taiwan's Growth; Tzong-shian Yu. 7. Comparative Advantage Development Strategy and the Economic Development of Taiwan; J. Yifu Lin. Part III: The Liu-Tsiang Policy Proposals. 8. The Liu-Tsiang Proposals for Economic Reform in Taiwan: A Retrospective; Jia-Dong Shea. 9. Liberalization Promotes Development: Evidence from Taiwan; J.C.H. Fei, Yun-Peng Chu. Part IV: The Role of Agriculture, Industrial Policy, Human Capital and Labor Institutions in Taiwan's Development. 10. Agriculture as the Foundation for Development: The Taiwanese Story; Tsu-tan Fu, Shun-yi Shei. 11. The Role of Industrial Policy in Taiwan's Development; Pochih Chen. 12. Human Capital Creation and Utilization in Taiwan; G. Ren-juei Tsiang. 13. The Labor Market in Taiwan: Manpower, Earnings, and Market Institutions; W. Galenson. PartV: Relevance of the Taiwanese Experience to Other Third World Regions. 14. State and Market in the Economic Development of Korea and Taiwan; I. Adelman. 15. Latin America and East Asia: Revisiting the Evidence; A.C. Harberger. 16. What Can Sub-Saharan Africa Learn from the Taiwanese Development Experience? T. Ademola Oyejide. 17. The Relevance and Comparability of Taiwan's Development Experience to Indonesia; M. Sadli, Kian Wie Thee. Part VI: Conclusions and Epilogue. 18. Some Further Thoughts on Taiwan's Development Prior to the Asian Financial Crisis and Concluding Remarks; H. Wan, E. Thorbecke. 19. Epilogue: How Did Taiwan Withstand the Asian Financial Crisis? E. Thorbecke, H. Wan.