F. GERARD ADAMS recently became McDonald Professor in the College of Business Administration at Northeastern University after a career of forecasting, model building and analysis for nations, industries, and commodity markets at the University of Pennsylvania, where he is Professor Emeritus./e During the past decade his work has focused on East Asian development and crisis.SHINICHI ICHIMURA is Director of the International Center for the Study of East Asian Development in Kitakyushu, Japan./e Previously, he was Professor of Economics at Kyoto University and Vice-Chancellor at Osaka University International.

• Preface by S. Ichimura The Process of East Asian Development Introduction The East Asian Development Ladder: Virtuous Circles and Linkages in East Asian Economic Development by F.G. Adams Globalization and Economic Development: The Newly Industrializing Area of East Asia by M. Ezaki Technological Progress and Development in East Asia Introduction The Sources of East Asian Growth by L. Lau The Stages of Technical Progress: An International Comparison by M. Saito On the Myth of Asia's Miracle by S. Abe and M. Plummer Saving and East Asian Development Introduction East Asian Saving Patterns in a Global Context by R. Wescott Asian Saving: Theory, Evidence, and Policy by F. Harrigan FDI and MNCs in East Asia Introduction Japan's Foreign Direct Investment in East Asia: Its Influence on Recipient Countries and Japan's Trade Structure by K. Ishida Export Propensities of Foreign Multinationals and the Effects on Southeast Asian Manufacturing by E. Ramstetter Crisis and Perspective Introduction The 1997 East Asian Crisis: Will the East Asian Miracle Survive? by F. Gerard Adams and Heidi Vernon Index