Abstract
In recent discussions of trade and industrialization strategies in Asia, much attention has focused on the newly industrializing countries (NICs) of Northeast Asia and ASEAN's rapid industrial growth, but the experience of some other, more inward-looking countries has been largely ignored. The NICs and most of the ASEAN countries have completed a phase of import-substituting industrialization and have subsequently embarked on a vigorous export-oriented drive, especially in the field of labour-intensive manufactures. Their record, however, is in sharp contrast to that of some other countries in the region, where the manufacturing sector is still in a relatively early stage of development.

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