Picking Winners: From Technology Catch-up to the Space Race in Japan. By Saadia Pekkanen. Stanford: Stanford University Press, 2003. 304 pages, $45.00.

The purpose of this book is to use the postwar Japanese political-economic experience to answer a question that has divided Japan and other Asian scholars for over two decades, namely, how governments choose which industries to favor. This is an important question for both intellectual and policy reasons. Indeed, answering this question will help determine which of two very different points of view better explains Japan's postwar trajectory and will assist the governments of the developing world to design and enact policies that best serve their economic development goals. Saadia Pekkanen addresses this question with a rich variety of quantitative and qualitative data, the former captured in an expanded data set that breaks down the Japanese economy and trade and industrial policy tools by two-digit economic sectors, and the latter involving short case discussions of specific industrial sectors and an extended case study of the commercial space industry.