Asian Godfathers: Money and Power in Hong Kong and South-East it comes from and – as Joe Studwell shows – how destructive it can be. Asian Godfathers. Joe Studwell. longlist Studwell argues that greed, corruption and excess were partly responsible for the crisis and that Asia’s tycoons. Compre o livro Asian Godfathers: Money and Power in Hong Kong and Southeast Asia na : confira as ofertas para por Joe Studwell ( Autor).
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That might partly explain why these billionaires are so extra ordinary. His conclusion is that these Asian “godfathers” and yes, he does half-apologize for that word choice at the outset succeeded because of the unusual political circumstances, and because they essentially end Studwell is a penetrating and snarky reporter who loves to demolish received notions about Southeast Asian political economy e.
Until I read ‘Asian Godfathers. South East Asia Malaysia, Indonesia, Philippines, Thailand rented labor to global businesses, but have never built their own globally competitive businesses. As Godfahhers grew older the answer became clearer: What makes studwel billionaire?
Asian Godfathers: Money and Power in Hong Kong and South East Asia by Joe Studwell
This analysis is as much eye-opening as it is fascinating and alarming. Learn from the lessons of the Philippines, Malaysia, Indonesia, and Thailand; see the truth of Hong Kong and Singapore; and keep it from happening where you live. Through the hidden lives of some mysterious and fascinating men, Studwell explores the broader economic and political issues facing a region of million people: Having read it for myself, I have to agree with this glowing awian.
I wish wsian would read this book and realized how the public has been short changed by the government and these individuals.
This is the ugly truth of most of the so-called Godfathers’ wealth in South East Asia. The tycoons, on the other hand, have prospered through rent-seeking activities – ‘at the heart of the average godfather’s empire is a asiab or licence that gives rise to monopoly or oligopoly activity’, he writes.
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Jun 12, Missy J rated it liked it Shelves: In retrospect that would certainly undermine the author’s aim of debunking the myth of lionized individuals in Asian road to riches, which made this book unique and hard to put down under any circumstances Reading this after Red Notice: Economics, Business in Asia.
The failure of politics in South-East Asia which gave rise to this, has been characterized by too tight a relationship between governments and the Asian Godfathers. Ergo immigrants are likely to be more successful capitalists regardless of race he refers to Muslims and Indians who have succeeded studsell make this point. Though he’s never explicit on the point, Studwell does indicate that some form godafthers co-dependency between tycoons and dictators or brief statist strongmen created these economic gpdfathers decisions.
Historically, the economies of South-East Asia have been dominated by the godfathers and their concessions, where these are a relatively small part of typical advanced economies. The Day the World Exploded by Simon Winchester is the incredible tale of the Indonesian volcano that exploded into smithereens in Studwell tries to debunk what he regards as the myth of the SE Asian Horatio Alger-type tycoons, whose successes largely owe to political corruption and government protected cartels.
Rather than business acumen or management sophistication, the author points out, many Southeast Asian business leaders godfafhers historically relied on their web of mutually-beneficial relationships with the governing class in order to gain an unfair advantage and build rent-seeking monopolies or cartels in heavily regulated and anti-competitive industries, with the rest of the population paying godfzthers high prices as a result.
Among those on the list, at one hand there’s a group of billionaires that Donald Trump called “the lucky sperm club”, those who were born into an already wealthy dynasty godfxthers the billionaire children of Wall-Mart founder Sam Walton.
EOI brought growth and jobs, but it was not a mirror image of the north-east Asian experience. Yes, the godfathers do steal, bribe, rob, transgress, and asisn, but they do so within a preset legal and executive systemic political players that enable A book about joee rich and famous that really contains a story about South East Asia.
Asian Godfathers: Money and Power in Hong Kong and South-East Asia
As politics is the cause, so politics must be the cure, Studwell suggests, as only a change in politics can break the stranglehold between government and Godfather, and enable proper regulation of anti-competitive Godfather behaviour to allow others to get a look in.
Perhaps the best part of this book is the glossary in the back studell serves as an excellent reference of which person owns which major corporation. The city increased gofdathers secrecy provisions and changed trust laws in a manner designed to attract the kind of money Switzerland had dealt in; the number of foreign private banks in Singapore almost doubled between and Books by Joe Studwell.
I learned a lot from this book, through the stories of the godfathers, more about contemporary Southeast Asia and stuwell modern history.
Viet Nam is not mentioned, for obvious reasons. Earthbound Travels in the Far Eastsees Italian journalist Tiziano Terzani roam mostly across the Southeast Asia of the early s, introducing us to some intriguing characters and fascinating anecdotes.
Godrathers book is too dense and trying to cover too many things.
srudwell A decade later, Studwell says, very little has changed in the way these tycoons do business. But what makes them really different from the rest of the herd?
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No nation can become wealthy without indigenously driven productivity improvements and research. This kind of falls into the Paul Krugman “Asian miracle myth” camp superb analysis and excellent read http: Want to Read Currently Reading Read.
Their interests range from banking to property, from shipping to sugar, from gambling to lumber. Super-luxe condo tower blossoms in Bangkok.
And it’s that genius for making a deal that led the godfathers to understand that the really crucial deals had to be made with politicians who had asizn power to grant the lucrative concessions.