Using the developmental history of Taiwan as a starting point, Flexibility, Foresight and Fortuna critically examines several prevalent formulations of domestic development and international economy.
The authors examine Taiwan's policy performance from, in turn, the developmental, the dependency, the statist, and the trade-off perspectives on political economy. They reject these approaches in favour of the key ideas of flexibility, foresight and fortuna as an explanation of Taiwan's relatively unusual success in achieving domestic development and upward mobility in the international system.
`In this important new book, Steve Chan and Cal Clark analyse the development of Taiwan, one of the `four little tigers' in Asia, in terms of four paradigms of political economy, developmentalism, dependencia and the trade-off perspective and statism. Taiwan's developmental history and comparative performances are carefully examined by means of qualitative and quantitative analysis … This book is well researched and written and should be read by scholars as well as politicians of both developing and developed countries.' - Political Studies