This book discusses the nature of institutional development as it promotes market growth. It is concerned with the nature of and the prospects for pro-market development planning, especially in East Asia, describing pro-market policies that enhance economic cooperation.

Preface -- Introduction: The Role of Government in Economic Development -- Institutional Aspects of Market Development -- Banks Versus Markets as Mechanisms for Allocating and Coordinating Investment -- Financial Instruments for Consumption Smoothing by Commodity-Dependent Exporters -- Intellectual Property Rights for Appropriate Invention -- The Political Economy of Intellectual Property Rights in Developing Countries -- The Role of Financial Institutions in Industrial Restructuring and Investment Coordination: The Implications for Certain ASEAN Developing Countries -- The East Asian Experience and Pro-Market Planning for Economic Development -- Industrial and Agricultural Investment Coordination Under "Plan" and "Market" in China -- Industrial Policy in Japan and South Korea: Some Causes of Success -- The Visible Hand and Economic Development: The Case of South Korea -- Japanese Economics: The Theory and Practice of Investment Coordination -- Epilogue