This edited volume examines the flaws in the Washington Consensus. The missing link identified is the relationship between market and government. The East Asian Miracle showed that the market and government are complementary, particularly with regard to economic development. However, the nature of this relationship has not been fully clarified. This book assesses development strategies and policy issues in the context of individual and/or regional economy's history and political-economic reality. The relationship may be conditional to these two factors. With these perceptions in mind, the book focuses on the role and significance of government in economic development in pursuit for new development strategies.

KAUSHIK BASU C. Marks Professor of International Studies and Professor of Economics and Director, Program on Comparative Economic Development, Cornell University, USA YOON JE CHO Professor of Economics at Sogang University, Japan BARRY EICHENGREEN George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at University of California, Berkeley, USA STEPHAN HAGGARD Lawrence and Sallye Krause Professor of Korean Studies and Director of the Korea-Pacific Program at University of California, San Diego, USA FUKUNARI KIMURA Professor of Economics at Keio University, Japan KOJI NISHIKIMI Senior Research Fellow at Institute of Developing Economies, JETRO, Japan JEFFREY B. NUGENT Professor of Economics at University of Southern California, USA KOICHI OHNO Professor of Economics at Nagoya City University, Japan DWIGHT H. PERKINS Harold Hitchings Burbank Professor of Political Economy at Harvard University, USA DANI RODRIK Professor of International Political Economy at John F. Kennedy School of Government, Harvard University, USA