This book relates the lessons learned by five industrializing countries that have export-oriented development strategies, namely Chile, Hong Kong, South Korea, Taiwan, and Singapore examining their performances and their economic success in relation to that of other semi-industrialized nations.

1. Introduction 2. Small Open Economies: The Main Issues 3. Foreign Trade and Investment as Boosters for Take-Off: The Experience of Taiwan 4. Lessons from South Korea's Experience with Industrialization 5. Rapid Growth and Relative Price Stability in a Small Open Economy: The Experience of Singapore 6. Economic Growth and Structural Change in the Small Open Economy of Hong Kong 7. Opening up and Liberalizing the Chilean Economy: The 1970s 8. The Experience and Lessons of Asia's Super Exporters 9. Sources of Growth and Structural Change in the Republic of Korea and Taiwan: Some Comparisons 10. Employment, Income Distribution, and Growth in the East Asian Context: A Comparative Analysis 11. Financial Structure, Monetary Policy, and Economic Growth in Hong Kong, Singapore, Taiwan, and South Korea, 1960–1983