This chapter by Ito Peng and Joseph Wong on East Asian Asian welfare regimes is very welcome, particularly as a guide for what to watch in our increasingly fluid era of financial, energy and other shocks to the developed and developing economies. The authors review the literature on East Asian welfare states and show how much of it has been concerned with highlighting essential differences between the region and a generalized model of what we see in North America, Europe, and Scandinavia. (We might add that generalizing among those latter cases also seems unwise). One of the critically distinctive features of the East Asian welfare state typology was and remains the rather restricted fiscal role of the state. As the authors point out, in 2005 Japan led East Asia with 18.6% of GDP devoted to social spending. But the average in the OECD and EU countries was, respectively, 20.5 and 27%. Taiwan and Hong Kong are even further removed from the OECD pattern. During the mid-2000s they were only spending about 10% of GDP on social outlays. And then there is Korea, China, and Singapore weighing in with less than 7% of GDP spent on social outlays. The issues are particularly fascinating in light of the literature on the developmental state, pioneered by the late Chalmers Johnson, which highlights each of these countries as examples of state intervention in charting economic development.