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How Asia Works
400 pages, 2014
Named by Bill Gates as one of his Top 5 Books of the Year. In the 1980s and 1990s, many came to believe in the myth of an East-Asian economic miracle. 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 about Asia's economy and shows what really happened in these countries.
In 'How Asia Works', Joe Studwell explores the economic success of Asian countries. He digs into the policies and strategies that have led to their rapid growth. It's a great read if you're interested in understanding the economic dynamics of the region.
Studwell emphasizes the importance of agriculture in Asia's economic development. He explains how land reform and investment in agriculture have been key to the region's success. If you're curious about the role of agriculture in economic growth, this book is a must-read.
The book also highlights the significance of industrial policy in Asia's economic miracle. Studwell shows how governments have used this tool to promote certain industries and protect them from foreign competition. It's a fascinating look into the power of strategic economic planning.
Studwell also points out the importance of financial control in Asia's economic development. He explains how governments have used their control over finance to guide investment in strategic sectors. If you're interested in the role of finance in economic development, you'll find this book enlightening.
Finally, 'How Asia Works' offers valuable lessons for other developing countries. Studwell's research into Asia's economic success provides a blueprint for economic development that other regions can learn from. If you're interested in economic policy and development, you'll definitely want to check out this book.
Quotes 5
A compelling analysis of the reasons behind economic success and failure in Asia. It's a must-read for anyone who is curious about the region's economic landscape.
Bill Gates - Microsoft Co-founderStudwell's book is a brilliant and transformative analysis of the economic success in Asia. It's a must-read for anyone interested in global economics.
Martin Wolf - British JournalistHow Asia Works is a masterful and insightful work. It provides a comprehensive understanding of the economic development in Asia.
Noam Chomsky - Linguist, PhilosopherStudwell's book is a compelling and insightful analysis of the economic development in Asia. It's a must-read for anyone interested in understanding the region's economic success.
Paul Krugman - Economist, ColumnistHow Asia Works is a brilliant and insightful analysis of the economic success in Asia. It's a must-read for anyone interested in global economics.
Niall Ferguson - Historian, AuthorRecommendations
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