Including contributions from leading academics, the text focuses on the period from the 1980s to the onset of the 2000s, reviewing the experiences of Japan and China across the areas of development, trade, investment, finance and technology.

Saadia M. Pekkanen is Job and Gertrud Tamaki Professor, Jackson School of International Studies; and Adjunct Professor at the School of Law, University of Washington, USA.

Kellee Tsai is Assistant Professor of Political Science at Johns Hopkins University, USA.

1. Patterns of Late Development and the Origins of Late Liberalization 2. Introduction: Late Liberalizers: Comparative Perspectives on Japan and China 3. Development Revisiting the Japanese Economic Model 4. Developmental Dilemmas in China: Socialist Transition and Late Liberalization 5. Trade: The Legal Evolution of Japan's Trade Liberalization Politics 6. The Institutional, Political, and Global Foundations of China's Trade Liberalization 7. Investment From Iron Doors to Paper Screens? The Japanese State and Multinational Investment 8. A Catch-up Strategy? China's Policy Toward Foreign Direct Investment 9. Finance: Japanese Financial Politics: Institutional Challenges Toward and Against Liberalization 10. Supporting Sunset Industries: The Financial System in China's Economic Development 11. Technology: Japan's Technology Policies and Their Limitations 12. Chinese Technonationalism: Autonomy and Security in the World Economy