This course examines the organization and functioning of Asia's two largest and most advanced capitalist political economies. The course begins with a survey of underlying similarities and differences in structure and eprformance, including political-party competition, industrial-group strcuture, regionalism, business-government networks, industrial policy, labor relations, and economic performance. Considers historical and international reasons for prevailing profiles, and prospects for future national evolution, response to globalization, and bilateral interdependence.