Betting on BiotechAfter World War II, several late developing countries registered astonishingly high growth rates under strong state direction, making use of smart investment strategies, turnkey factories, and reverse engineering, and taking advantage of the postwar global economic boom. Among these economic miracles were postwar Japan and, in the 1960s and 1970s, the so called Asian TigersSingapore, South Korea, and Taiwanwhose experiences epitomized the analytic