I Introduction -- 1. Overview: The Lessons from Taiwan: Relevance, Limitations and Transferability -- 2. The "Miracle" That Did Happen: Understanding East Asia in Comparative Perspective -- II Key Macro Policies and Reforms in Taiwan's Development -- 3. Government Policy in the Taiwanese Development Process: The Past 50 Years -- 4. Taiwan's Industrialization Policies: Two Views, Two Types of Subsidy -- 5. The Trade-Growth Nexus in Taiwan's Development -- 6. A Balanced Budget, Stable Prices and Full Employment: The Macroeconomic Environment for Taiwan's Growth -- 7. Comparative Advantage Development Strategy and the Economic Development of Taiwan -- III The Liu-Tsiang Policy Proposals -- 8. The Liu-Tsiang Proposals for Economic Reform in Taiwan: A Retrospective -- 9. Liberalization Promotes Development: Evidence from Taiwan -- IV The Role of Agriculture, Industrial Policy, Human Capital and Labor Institutions in Taiwan's Development -- 10. Agriculture as the Foundation for Development: The Taiwanese Story -- 11. The Role of Industrial Policy in Taiwan's Development -- 12. Human Capital Creation and Utilization in Taiwan -- 13. The Labor Market in Taiwan: Manpower, Earnings, and Market Institutions -- V Relevance of the Taiwanese Experience to Other Third World Regions -- 14. State and Market in the Economic Development of Korea and Taiwan -- 15. Latin America and East Asia: Revisiting the Evidence -- 16. What Can Sub-Saharan Africa Learn from the Taiwanese Development Experience? -- 17. The Relevance and Comparability of Taiwan's Development Experience to Indonesia -- VI Conclusions and Epilogue -- 18. Some Further Thoughts on Taiwan's Development Prior to the Asian Financial Crisis and Concluding Remarks -- 19. Epilogue: How Did Taiwan Withstand the Asian Financial Crisis?.

Taiwan's Development Experience: Lessons on Roles of Government and Market scrutinizes the main features of the Taiwanese development experience under five interrelated themes and domains: Outward-orientation vs. inward-orientation; Sources of growth; Dynamic balanced growth process: the interaction between agricultural and non-agricultural sectors; The role of government in the transition to a more market-oriented economy; and The potential transferability of the Taiwanese development experience to developing countries. In addition to highlighting the essential contributions of papers, the Editors also bring out the views and contributions, under each of the above headings, of two distinguished former Cornell University colleagues who are honored at the sponsoring conference - T.C. Liu and S.C. Tsiang.