While the set of liberalising and fiscally conservative development precepts dubbed the 'Washington Consensus' are now discredited as a tool for development, there is as yet no widely adopted or accepted alternative other than references to the 'East Asian model'. In this paper, we distil the...

This article analyses the complex interplay of various factors in the 'late marketisation' in China and Vietnam and the 'late industrialisation' in Korea, Taiwan and Japan. The article distinguishes the degree of 'comparative advantage-defying' and 'comparative advantage-following' strategies...