A study of how industrial policy and targeting accelerated Japanese economic development and affected the rest of the world. This book considers who targeted industries, how they were chosen and what techniques were used to support them. It examines both theory and practice of targeting.
The author attempts to dispel what he believes to be the myth of modern Japan, and finds that it is not the extraordinary success it is frequently claimed to be.
An expanded and updated edition of Woronoff's 1986 study of Asia's emerging economic giants, this book looks back at what has happened in the intervening years, especially as regards the "discovery" of this phenomenon in the Western media and the overreactive hype that has accompanied it.
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