An important view that the author holds in this article is that the recent economic and finaflcial turblence rising in east Asia may not be able to mean that the East-Asia Mode is to be ended.The traditional understanding to this mode has gone into mistaken area. if we historically and developmentally regard this East-Asia mode, it could be found that this mode had 2 stages ──primary stage and advanced stage. The former is accompanied with strong govermental intervention and that labor or capital intensive indllstries were the main "comparative advantage" industries, while the later instead has a character of weak intervention and techology-intensive advantage industries. And the present turbulence, the author thlnks, may due to the transitional difficulty between the two stages.
