How Asia Works: Success and Failure in the World's Most Dynamic Region (Hardcover)

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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.

About the Author

Joe Studwell is the founding editor of the China Economic Quarterly. A freelance journalist in Asia for over twenty years, he has also written for the Economist Intelligence Unit, The Economist, The Financial Times, The Asian Wall Street Journal and the The Far Eastern Economic Review. He is the author of The China Dream and Asian Godfathers.

Praise For…

Gripping Readers will find Studwell’s informative and balanced report eye-opening.”Publishers Weekly

Consistently engaging.”Brendan Driscoll, Booklist

Studwell paints a vivid picture of business life in the region. If a copy of the Korean edition finds its way across the demilitarized zone to Pyongyang we may find we have yet another Asian Tiger in our midst.”Management Today

Product Details
ISBN: 9780802119599
ISBN-10: 080211959X
Publisher: Grove Press
Publication Date: June 25th, 2013
Pages: 366
Language: English