How Asia Works

How Asia Works

Success and Failure in the World's Most Dynamic Region

Book - 2013
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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.
Publisher: New York : Grove Press ; [Berkeley, CA] : Distributed by Publishers Group West , c2013.
ISBN: 9780802119599
Branch Call Number: 330.95 STUDWELL
Characteristics: xxviii, 366 p. ; 24 cm.


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Mar 13, 2021

Household farming, export oriented manufacturing and a closely controlled financial sector to support the two. This book provides a superb review and analysis of how some Asian countries bootstrapped their economies while others failed.

Joe Studwell demonstrates there is a minimum of two types of economies that work- developmental and free market - in spite of what "market efficiency" economists profess. Quite readable for the layman.

Feb 21, 2015

Some good points from commenter, font41, but the book itself is rather lacking. Unless all those jobs, technology and investment offshored to those countries is taken into strong consideration, such a book is nebulous at best. And, speaking as a hardcore progressive, thanks to the Black Congressional Caucus and Al Gore, the most sensitive military and digital manufacturing was taken off the restricted list and offshored to Asian countries, and especially to China! Now military chips have backdoors hardwired into them today.

Feb 21, 2015

What did Japan/Korea/Taiwan, do right? And what did the Philippines/Malaya/Thailand do wrong? This is a penetrating look at how Asian nations have gotten it right and how they've gone off the rails. Invaluable also for understanding where China must go now to reform itself.

Aug 04, 2013

Insightful overview of how Chins is devleoping its social - economical presence. Politics takes a back seat. However, caution is evident. Things are not so rosey. Most exports are to other countries "tenders', and developmments, not to consumer areas, a most disappointing outlook.
Lots of companies to note and consider. Comparisons to Japan, S. Korea, and so on.
A good read, a bit dry -- passable.


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