East Asia dominates the list of nations that have experienced rapid growth of output and incomes since World War II. East Asia's dynamism creates challenges as well as opportunities for the United States. East Asia's experience new views about the economic prospects for poor nations, the relationship between government management and economics growth, and the nature of Capitalism. This course investigates these issues by reviewing the development of individual East Asian nations, comparing patterns of economic growth within Asia, highlighting institutional differences between East Asia and the United States, and studying the global consequences of Asian economics expansion. In 1997, the course will cover Japan, Taiwan, Korea Singapore, and China.