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Studwell’s thesis is bold, his arguments persuasive, and his style pugnacious. It adds up to a highly readable and important book that should make people. Bill Gates reviews “How Asia Works” by Joe Studwell. How Asia Works. Success and Failure in the World’s Most Dynamic Region. Joe Studwell. A provocative look at what has worked – and what hasn’t – in East.

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You don’t need to agree with everything to admit that we need more thinking like this. Inefficient chaebols were either culled or merged into sgudwell profitable ones or even bankrupted.

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Very valuable, against the conventional western wisdom, take on development in Asia. Inevitably, the key to success is a strong leader that puts the right industrial structures and incentives in place, keeping an eye on increasing productivity of the nation. Studwell’s jie analysis focuses on three main areas: It all strikes me as valid and making a lot of sense. The hire part is that the government should rightly control the finance system and ensure it works to their interests, instead of being captured by profiteers.

In both cases, historical experience cries out against against a reductive theory, shorn of political context. Easily digestible quick read. The author provides a context for all hoa economies which helps us better understand the development …more This is an easy read with very little jargon. This work cites quite a number of sources and the facts themselves are stduwell to know by themselves.


This book offers a helpful political-economic model for those attempting to understand Asia generally, and, most importantly, China. His repetition of “export-led” may be droning at times, but it does drive the point home that developing a manufacturing-driven economy is the crux of success, and it makes one wonder if this recipe can be replicated in different regions in the world.

It is, tellingly, the capacity of bank-based systems for enforcing development policies that makes entrepreneurs in developing countries lobby so hard for bond, and especially stock, markets to be expanded. Dec 26, Oliver Kim rated it it was amazing. But this leaves open the question why this type of policies was possible in Japan, South Korea and Taiwan, and not in Thailand, Malaysia, Indonesia or the Philippines.

Manufacturing – Focus on exports, and being competitive overseas.

He discusses many Asian countries, though, not only China. Korea, Japan and Taiwan from the middling performers Malaysia, Thailand and the complete failures Indonesia and Philippines – asoa distinction Studwell’s book is a coherent, well-reasoned primer on the causes of economic growth and lack thereof in east Asia. With manufacturing, industrial development alone is not sufficient, Studwell argues. This should be stimulated by the government.

In South East Zsia land reform never took place, probably because events were not dramatic enough to force it to happen.

Quotes from How Asia Works: The picked losers and destroyed them. Bond markets, and particularly stock markets, are harder for policymakers to control.

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With manufacturing, industrial development alone is not sufficient, Studwell argues. Overall, an great read, especially the personal anecdotes from the author! Only after industrialization should the banking sector be liberalized bit by bit.


I found my thoughts stirred more by a second, methodological rebuke: But in our training we are given only the neoclassical growth model—most programs no longer even bother to teach economic history. Very well-written book, thoroughly researched. Trying to skip ahead in that method doesn’t work for a few reasons: Worls 11, Jose Papo rated it it was amazing. Additionally, hoq explains why Latin America also failed in this endeavor.

The book investigated and expounds the successful and not so successful economies of Eastern Asia, comparing why certain ones Taiwan, S Korea, Japan succeeded, while others Philippines, Indonesia, Thailand never reached the same level of success.

A lot of it is tough to get through, there is a lot of statistics and aasia many different players in the game that it is sometimes difficult to keep everything straight. Search the history of over billion web pages on the Internet.

How Asia Works: Success and Failure in the World’s Most Dynamic Region

For any country in its development stage based on the empirical evidence that is the state of the East Asian economies identified in the bookStudwell emphasizes the need for three basic, quintessential and deliberate policies. There is one more argument I want to add: Jan 04, Rajesh Kumar Vaid rated it koe liked it. Leia mais Leia menos.