- Paperback: 288 pages
- Publisher: Profile Books Ltd; Main edition (2 January 2014)
- Language: English
- ISBN-10: 1846682436
- ISBN-13: 978-1846682438
- Product Dimensions: 12.9 x 2.1 x 19.8 cm
- Average Customer Review: 9 customer reviews
- Amazon Bestsellers Rank: #56,610 in Books (See Top 100 in Books)
How Asia Works: Success and Failure in the World's Most Dynamic Region Paperback – 2 Jan 2014
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Pithy, well-written and intellectually vigorous ... Studwell's thesis is bold, his arguments persuasive, and his style pugnacious. It adds up to a highly readable and important book
<i>How Asia Works</i> is not a gripping page-turner aimed at general audiences, but it's a good read for anyone who wants to understand what actually determines whether a developing economy will succeed. Studwell's formula is refreshingly clear-even if it's very difficult to execute.
A provocative look at what has worked - and what hasn't - in East Asian economics, now in paperbackSee all Product description
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The book, 'How Asia Works' narrates the story of how the three North East Asian nations (Japan, South Korea, Taiwan) and now China have effectively employed those economic policies to attain prosperity while the South East Asian nations (Malaysia, Indonesia, Philippines and Thailand) doing the same but ineffectively, failed. Well researched, the book succinctly argues that there are three critical interventions government can use to speed up economic development.
For long time economists have argued that free market policies have enabled the current rich countries to attain prosperity and the IMF and World Bank, deluded by doctrines that have no real or empirical underpinning, recommended the poor and developing nations to open up markets and lift capital controls. The outcome is an Oligarchic Russia, service sector dominated India, stuck in the middle Thailand, Indonesia etc. The South Korean economist Ha-Joon Chang and Nobel Laureate economist Joseph Stiglitz have long criticised this propaganda by Western Nations in their works Kicking Away the Ladder: Development Strategy in Historical Perspective (Anthem Studies in Development and Globalization) &Bad Samaritans: The Guilty Secrets of Rich Nations and the Threat to Global Prosperity and Globalization and its Discontents respectively. India should seriously assess its economy since the services, inherently low productive in nature, will stop growing. Make in India, inviting FDI into the country, is a rhetoric that is essentially same as 'Invest in Africa' marketed by African Nations, as all these policies stem from the free market doctrine the rich nations propagated.
Joe Studwell does a remarkable job. How Asia Works is highly recommended.
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