摘要:The East Asian model was once hailed by the world as a miracle that other developing countries should aspire to(World Bank, 1993). However, the slowdown of the Japanese economy and the Asian Financial Crisis seemed tohave rendered the East Asian model obsolete. In particular, the pro-active role of the government that was onceregarded as central to the East Asian model has been subject to rethinking and even rebuffing (Stiglitz and Yusef,2001). In this paper, I will first argue that the seemingly declining of the East Asian economies is a phenomenon ofthe transition from a catch-up economy to a mature economy, and it will be only temporary if the transition issuccessfully managed. Then I will argue that the core of the East Asian model is the existence of the encompassingstate, i.e., a state that is keen to represent the long-term interests of the country. I will show that theunderdevelopment of other developing countries is exactly due to the lack of such a state. I emphasize the role ofEast Asia’s unique historical and cultural heritages in bringing about such a state in that region. I also point out thatthe encompassing state should opt for a major change after the catch-up period finishes. At the end of the paper, Iwill discuss the future of the encompassing state in a democratic society.