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.
|Published (Last):||22 April 2018|
|PDF File Size:||10.98 Mb|
|ePub File Size:||4.49 Mb|
|Price:||Free* [*Free Regsitration Required]|
In this context, the politics of MSP seems to be diabolical, to say, at its minimum! The last chapter is on China, and talks about how all these things are also playing there, but on a much larger scale and with the twist that many of the large companies are state-owned. Habilitado Leitor de tela: Oct 30, Matias Sulzberger rated it really liked it. srudwell
How Asia Works: Success and Failure in the World’s Most Dynamic Region
Most obviously, banks respond to central bank guidance. Financial crises are devastating no matter how developed your country is, but one with plenty of domestic firms is able to get back on its feet much more quickly than one with a bunch of empty factories that used to be owned by foreign companies. This should be stimulated by the government. What I hoped for more of were perhaps his thoughts on the funk that the East Asian model is now in – Japan in deflation, Korea struggling to empower its SMEs and disempower the chaebols, and Taiwan hollowed out by money going to China – and China facing the limits of its own export and investment growth model.
In China and North Korea the agricultural boom ended when the Communists collectivised the farms.
How Asia Works: Success and Failure in the World’s Most Dynamic Region by Joe Studwell
The third is to focus bank and finance capital on the fastest possible technology learning and high long-term profits and not on short-term returns and individual consumption what many Latin American states did and failed. The relevant question is thus: Hod 11, Venky rated it it was amazing Shelves: Another reason to prefer investment in manufacturing over services is that once an independent financial sector gets going, money tends to flow to lucrative but non-productive sectors like high-end real estate asis rather than, say, new industrial infrastructure.
Since the most efficient way to get food is to have many small farmers working many small plots of wsia it will come as no surprise to sustainable-food advocates that this “garden-style” method is typically more effective than Qorks agribusinessthe first task of every forward-thinking leader is to break up large estates and redistribute the land to the people.
Though at a later stage he does say that as incomes rise, a move to large scale commercial farming is optimal for improving productivity, otherwise you get stuck ala Japan.
You don’t need to agree with everything to admit that we need more thinking like this. And to Mr Studwell, please write same about India! Hardcoverpages. The most important premise in the book is the need for land reform to fund industrialisation.
Everything in it is extremely interesting and important, however, and it is well worth ploughing through. This book explained the successful platform of some Asian countries and explained why some failed.
This is not what Chinese people want. Leia mais Leia menos. They now love to prescribe devel “The End of History” once set the sentiment of the last century. What made these countries ‘different’? The sections on the Asian financial crisis also seem to mesh with what I’ve read from other sources like Paul Krugman’s The Return of Depression Economics an earlier work of his, “The Myth of Asia’s Miracle”, also offers an interesting alternative perspective on Asian development.
ioe Creating a regime of cheap loans, tax and tariff exemptions, and liberal subsidies, Park even encouraged the formation of cartels but with a strict and uncompromising mandate to achieve targeted exports. Studwell’s book defies any ideological classification, and that makes it really great and challenging. In both cases, historical experience cries out against against a reductive theory, shorn of political context.
Rastreie seus pedidos recentes. There is one more argument I want to add: No trivia or quizzes yet. 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.
I worry that, without a decent alternative, we will be tempted to fill in the gap with an easy generalization, like a writer resorting to a cliche. Policies to direct investment and entrepreneurs to manufacturing, with an export led growth strategy so as to expose the economy to export discipline, as well as internal competition.
His repetition of “export-led” may be droning at times, but it does drive studaell 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. The South Koreans never picked winners, but they created several firms in the industry and let them fight with each other.
After reading it, I felt I am an economist, or at least Agricultural economist! Quotes from How Asia Works: The author provides a context for all the economies which helps us better understand the development …more This is an easy sfudwell with very little jargon.
Coming to the gaps in the book, Studwell has been a bit dismissive of the role played by basic manufacturing setups assembly shops for exports in China, Korea, etc. I am now trying to find some points to add to what Wogks Smith wrote on the subject but it’s not easy to think of anything.
The book goes through the stories of the sttudwell economic players in Asia today, ending with China. With similar rates of investment, starting from roughly the same level of wealth, Korea has produced the Hyundai Elantra; Malaysia, the Proton Waja. The only drawback is that the book is quite redundant and could better organized. 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 studqell.