Most African economies have not achieved any significant level of industrialization andrnexport diversification to date; And so, The continent remains the least industrialized inrnthe world in response, With strong conviction that economic theory has irrefutablyrnProved the superiority of free trade and Laissez fair industrial Policies, Therngovernments and international economic institutions of the developed countries havernbeen Pressurizing african governments to Fee their external trade and minimize theirrninvolvement in the form of industrial Policies. Under such a context, This study analyzesrnthe trade and industrial Policy experiences of three East Asian countries. It alsornanalyzes the terms of trade implications of export diversification in to manufacturingrnunder the context of new export pessimism" Using data for six east Asian countries.rnthe study, finds that the governments of the countries studied deliberately andrnConsistently employed Policies that are against the Fee trade and laissez-firernparadigms and resorted to a strategic approach to industrial development andrninternational trade. the study also finds that export diversification into manufacturingrnhave had a Positive impact on the terms of trade of the countries studied and therefore.rnIt suggests selective dynamic, Predictable and performances based Protection andrnPromotion of infant industries conceptualized to the current global conditions andrnwhere the government has the willingness and the ability to withdraw the Protectionrnand Promotion.