PETER C.Y. CHOW is Professor of Economics at City College and the Graduate Center of the City University of New York. He is also a research associate at the National Bureau of Economic Research, a Consultant for the World Bank, and the editor of the companion volume Taiwan in the Global Economy (Praeger, 2001).

Foreword by Robert E. Lipsey
Introduction by Peter C. Y. Chow
Development Path and Lessons of Taiwan's Economy
Lessons from Taiwan's Performance: Neither Miracle nor Crisis by Gustav Ranis
Upscaling: Recasting Old Theories to Suit Late Industrializers by Alice H. Amsden and Wan-Wen Chu
Coordination Failures and Catchup: Experiences of Manmade Fibre in Taiwan by Been Lon Chen and Mei Hsu
Foreign Investment, Multinational, and Boomerang Effects
Roles of the Foreign Direct Investments and Structural Changes in Taiwan's Modernization by Steven A. Y. Lin
Offshore Sourcing of Multinationals in Taiwan by Tain-Jy Chen and Yin-Hua Ku
The Boomerang Effects of FDI on Domestic Economy: Taiwan's Agricultural Investment in Mainland China by Jiun-Mei Tien
Taiwan's Economy on Global Perspective
Taiwan's Role on the World Market by Henry Wan
Taiwan in the Global Economy: Past, Present, and Future by Frank S. T. Hsaio and Mei-Chu W. Hsaio
Colonization and NICs'lization of Taiwan's Economy Blending with Japan's Globalization: A Global Perspective by Teruzo Muraoka (Jaw-Yann Twu)
From Dependency to Interdependency: Taiwan's Development Path Toward a Newly Industrialized Country by Peter C. Y. Chow

A role model for late industrializing countries, Taiwan provides unique and interesting development lessons for third world countries. Once a poverty-stricken, resource-poor, technologically backward nation, Taiwan has become the hub of a global production network in many high tech industries with increasing significance in the world economy. In ten outstanding essays, written by highly respected economists, this book analyzes Taiwan's postwar economic development path, providing a valuable case study of its structural transformation from a labor-intensive to a technology-intensive economy.
The book addresses three major topics. First it recaptures the lessons of Taiwan's experience. Then it considers the role of foreign investment on structural transformation and globalization. Finally, it examines Taiwan's economy in a global perspective, evaluating its role in the world market from the past to the future and its evolution from a colony to a newly industrialized country.