PART I: AN ENQUIRY INTO THE ASIAN GROWTH MODEL 1. Growing Interest in Asia and its Growth Trajectory 2. Burgeoning Clout of the Asian Economy 3. Integration: Regional and Global 4. Sequence of Argument: An Asian Growth Model PART II: THE ASIAN GROWTH MODEL: MYTH OR REALITY 1. Introduction 1.1 Objectives, Queries and Scope 2. Industrial Policy: Formulation and Utilization 2.1 Industrial Policy and Development Strategy 2.2 Strategic Shift: From Non-Intervention to Intervention 2.3 Asian Economies and Market Intervention 3. Structural Economics and Government Intervention 4. From the Washington Consensus ... 4.1 Limitations of the Washington Consensus 4.2 Taking Government out of the Development Equation 5. ...to the Beijing Consensus 5.1 A Myth or a Coherent and Persuasive Development Strategy? 6. State Capitalism 6.1 Changing Nature of State Capitalism in Asia 7. Is there a China Model? 7.1 China Turning to Market Econmy Principles 8. Asian or Sino-Capitalism 8.1 Stylized Classification 8.2 Is it a threat? 9. Summary and Conclusions PART III: THE GROWTH PACT OF DYNAMIC ASIAN ECONOMIES: SOME OF THE NEWER ELUCIDATIONS 1. Introduction 2. Structuralist Explanations: Newer Versions 3. Heterogeneity in the Asian Growth Performance 4. Greater credit for State Capitalism 5. Summary and Conclusions PART IV: THE ASIAN GROWTH MODEL: A META-ANALYSIS 1. Genesis and Initial Deliberations 2. Theoretical Concepts 2.1 Basic Modes of Export Promotions 3. Trade-Growth Nexus 3.1 Export-Led Growth Hypothesis and its Endless Testing 4. FDI-Trade Nexus 5. Supportive Factors and Policy Strands 6. Controversy over Perspiration or Inspiration Summary: Implications for Theory and Policy Bibliography.

During the post-World War-II period, several Asian economies turned in stellar performances. They achieved sustained growth with low inequality in a short time span. The term economic 'miracle' was sequentially used for several of them. How they achieve the onerous and elusive goal of rapid and sustained growth when many other regional and global economies could not is the all-important question. This is a serious, intense and meaningful inquiry and has given rise to new and influential theoretical concepts in economics. There are significant differences in economic structures as well as the growth paradigm chosen by each individual Asian economy. However, there are common threads that underlie the differences in development strategies. Export-led growth, government intervention and state-capitalism are among the common policy strands. Asian economies are also known for benign government-business relationship.