Drawing on the case-studies from the industrialization of East and Southeast Asian nations, this book critically examines the structural adjustment policies used in Africa in the last decade. The volume begins to construct an alternative model of economic reform for Africa based on transforming not retracting the state institutions and policies needed to promote industrialization. The Asian country studies include Singapore, Malaysia, Taiwan, South Korea, Hong Kong, and Meiji Japan. Policy alternatives to adjustment are proposed in areas such as infrastructure, social overhead capital, agriculture, trade, foreign investment, credit and finance and the organization of industry.

List of Tables and Figures - Notes on the Contributors - Acknowledgements - Abbreviations - Maps of East and Southeast Asia and Sub-Saharan Africa - Policy Alternatives to Structural Adjustment in Africa: An Introduction; H.Stein - The World Bank, Neo-Classical Economics and the Application of Asian Industrial Policy to Africa; H.Stein - Japan's Industrial Development, 1868-1939: Lessons for Sub-Saharan Africa; E.W.Nafziger - The Korean Miracle (1962-80) Revisited: Myths and Realities in Strategies and Development; K.S.Kim - The State as Agent: Industrial Development in Taiwan, 1952-1972; D.Brautigam - Colonialism and Entrepreneurship in Africa and Hong Kong: A Comparative Perspective; S.G.Redding & S.Tam - Foreign Investment, the State and Industrial Policy in Singapore; L.Lim - East Asia and Industrial Policy in Malaysia: Lessons for Africa?; C.Edwards - Bibliography - Index