F. GERARD ADAMS recently became McDonald Professor 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. His work has focused on East Asian development and crisis. His most recent book was East Asian Development: Will the East Asian Growth Miracle Survive? (Praeger, 1998).WILLIAM E. JAMES is Director of Research, International Center for the Study of East Asian Development in Kitakyushu, Japan.