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East Asia has been an area of high economic growth for several decades. The East Asian High-Tech Drive argues that to maintain the growth momentum, the more advanced East Asian economies need to pay particular attention to policies designed to upgrade their industrial capabilities. The authors argue that effectively functioning institutions, predictable commercial policies, investments in human capital and infrastructure, openness and macroeconomic stability are essential for growth and technological development. Regarding the two lower income economies in the sample, Indonesia is found to have the smallest improvement in the skill intensity of its exports, while the Philippines has registered the slowest economic growth. For both countries, industrial upgrading issues are not as imperative as achieving or regaining rapid, labour-intensive growth as both recently experienced major political instabilities.
It has been sixteen years since the unification of electro Magnetism with the weak interactions was developed by Glashow, Salam, and Weinberg. Well before that proposal was fully confirmed by experiment, work began on unifying strong interactions with the electroweak. Now there is a growing effort to incorporate some theory of quantum gravity into the scheme. This enormous complex of theoreti cal and experimental efforts was the subject of the Fourth Workshop on Grand Unification held in Philadelphia and attended by over two hundred physicists. During the workshop, experimental and theoretical talks alternated as shown by the program summary on page 409. However, to display the logical scope...