This book explores the foundation and nature of the relationship between capitalist accumulation and the state in East Asia and Latin America that has profoundly influenced industrialization and macroeconomic performance. Scholars from both sides of the Pacific offer critical perspectives on the differing fates of the two regions, especially over the last decade. Considering the role of markets, developmental states, location, ethnic networks, dynamic comparative advantage, and competitiveness, this pioneering volume draws comparative lessons from the East Asian experience for the developing world.