How Asia Works
How Asia Works
Success and Failure in the World's Most Dynamic Region
Grove Press, Hardcover, 9780802119599, 366pp.
Publication Date: June 25, 2013
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 countriesJapan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and Chinainto 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.
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