"The government didn't push these guys to upgrade technologically," said Richard F. Doner, an associate professor of Asian industrial development at Emory University in Atlanta.

Ana Lee, executive vice president for Asian development at Draft Direct in Hong Kong, will also head the Shanghai and Guangzhou offices.

His work focusses on the economics of poor countries; it includes notable contributions to the field of institutional economics and South Asian development.

Aoki is known for his work in comparative institutional analysis, corporate governance, the theory of the firm, and comparative East Asian development.

Multi-faith, multi-racial Malaysia was once hailed as a model of Asian development.

Japan, with the world's No. 2 free-market economy, leads Asian development.

South Korea, long in Japan's shadow, is blazing a new trail for Asian economic development.

Certainly Mr. Harrison is right that East Asian development has been aided by "Confucian values," such as the emphasis on education and family.

Mahathir bin Mohamad's interview with the PBS series "Commanding Heights" on the subject of East Asian economic development.

Yesterday she said that she continued to believe that earnings, Asian developments and the outlook for inflation and interest rates all support "a favorable case for equity ownership."