Providing both historical comparisons and analyses of contemporary issues, the authors consider the patterns, strategies and consequences of industrial restructuring in two dynamic Asian city states.

* Hong Kong and Singapore in the World Economy * Historical Trajectories: Common Legacies, Different Outcomes * Hong Kong: Locked into Labor-intensive Manufacturing * Singapore: Manufacturing Fortunes in Sunrise and High Noon Industries * Hong Kong versus Singapore: Divergent Paths of Economic Change * Comparing Institutional Legacies and Trajectories * Conclusion