How Asia Works: Success and Failure in the World's Most Dynamic Region by Joe Studwell

Into the Wild

Read How Asia Works: Success and Failure in the World's Most Dynamic Region Online Free - In the 1980s and 1990s many in the West came to believe in the myth of an East-Asian economic miracle. Japan was going to dominate, then China. Countries were called “tigers” or “mini-dragons,” and were seen as not just development prodigies, but as a unified bloc, culturally and economically similar, and inexorably on the rise.

Joe Studwell has spent two decades as a reporter in the region, and The Financial Times said he “should be named chief myth-buster for Asian business.” In How Asia Works, Studwell distills his extensive research into the economies of nine countries—Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China—into an accessible, readable narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished.

Studwell’s in-depth analysis focuses on three main areas: land policy, manufacturing, and finance. Land reform has been essential to the success of Asian economies, giving a kick start to development by utilizing a large workforce and providing capital for growth. With manufacturing, industrial development alone is not sufficient, Studwell argues. Instead, countries need “export discipline,” a government that forces companies to compete on the global scale. And in finance, effective regulation is essential for fostering, and sustaining growth. To explore all of these subjects, Studwell journeys far and wide, drawing on fascinating examples from a Philippine sugar baron’s stifling of reform to the explosive growth at a Korean steel mill.

Thoroughly researched and impressive in scope, How Asia Works is essential reading for anyone interested in the development of these dynamic countries, a region that will shape the future of the world.

Title : How Asia Works: Success and Failure in the World's Most Dynamic Region
Author :
Rating :
ISBN : 080211959X
Edition Language : English
Format Type : Hardcover
Number of Pages : 320 pages


Matthew rated it ★★★★★

August 31, 2014

This was excellent, very well organized and concisely argued. Basic point I think is that nations need to take control of their own economic and industrial narratives. The first part was eye opening for me, focusing on agricultural policy and land reform - effectively arguing that the first stage...

Duc rated it ★★★★★

January 23, 2016

How Asia works (HAW) tìm hiểu vì sao những nước châu Á lại có sự khác nhau rõ rệt về những thành tựu phát triển kinh tế trong 2 thập niên 80s và 90s. Studwell chú trọng vào 9 nước Đông Á thuộc 2 vùng: Đông Bắc Á và Đông Nam Á. Trung Quốc được mang ra phân tích riêng vì đây là một nền kinh tế theo...

Aaron rated it ★★★★★

February 11, 2014

The title makes a bold claim, but overall Studwell does an excellent job of condensing, comparing, and commenting on the development paths of almost all of the major northeast and southeast Asian economies from an elevated yet rigorous level. While space prevents him from discussing some of the m...

Ben rated it ★★★★☆

July 20, 2017

Recipe for development success: 1. Land reform - Split land evenly. Don't let the cronies take control! 2. Manufacturing - Focus on exports, and being competitive overseas. Don't let the cronies take control! 3. Finance - A tool to accelerate industrialization, never a end in itself. Don't let the c...

Jake rated it ★★★★☆

August 21, 2017

Compelling argument for the efficacy of a three-pronged approach to development. Book uses case studies of success stories in north-east Asia, contrasted with not-so-successful applications in south-east Asia, to make its point. These interwoven stories were, at times, difficult to follow - but I...

Kaushik rated it ★★★★☆

January 05, 2015

Studwell's book is a coherent, well-reasoned primer on the causes of economic growth and lack thereof in east Asia. Through careful historical analysis, the author has clearly disproved the myths propagated by experts on both sides of the left-right divide regarding the drivers of economic succes...

Nazri rated it ★★★★☆

November 23, 2014

A very interesting book on how North Asia and South East Asia diverged since the past 50 years or so. In essence, there are three conditions for development success. 1. Household farming. 2. Export oriented manufacturing. 3. Closely controlled finance that supports these two sectors. Surprisingly...

Venky rated it ★★★★★

October 11, 2017

"How Asia Works..." ("The book") comes highly recommended, garnering rave reviews from the likes of Bill Gates etc. The book more than merely lives up to the hype generated. Joe Studwell is more of a surgeon than an economist/journalist as he diagnoses the stumbling blocks, flexes out stimulants...

Choonghwan rated it ★★★☆☆

November 03, 2015

"The End of History" once set the sentiment of the last century. Every countries and institutes are either westernized or on the way to being so because there are no alternative route. The author debunks this over-stretched theory with empirical studies of north-east Asian countries - Japan, Kore...

Jose rated it ★★★★★

February 02, 2015

This book is an amazing study about the phenomena of how some Asian countries were able to grow so much and so fast. According to the book there are three main levers: The first is to maximize output from agriculture. The second is to direct investment and entrepreneurs towards manufacturing expo...

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