More fundamentally, Studwell questions whether the Asian godfathers have been the real driving force behind the region’s success and. Asian Godfathers. Joe Studwell. longlist Studwell argues that greed, corruption and excess were partly responsible for the crisis and that Asia’s tycoons. 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.
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Samsung Exposes ‘Asian Godfathers’ Problem
However, it still gives a good historical account on some of the rich and famous tycoon in Asia. Studwell’s access to these tycoons generated lots of fascinating confidential anecdotes and insights many of which I bet came from Li Ka-Shing and family.
The economies of Hong Kong and south-east Asia are dominated by only godfatehrs or fifty families. It doesn’t add up, it doesn’t make sense. Rich Stories from the Land of the White Elephant is a collection of colourful snippets from various written sources about Bangkok, mostly from the s through to the s.
Firstly, they have served South-East Asia and China as parasitic offshore godtathers protection hideaways. And some other interesting odds and ends about the region. Nov 02, W rated it liked it Shelves: But Afterland by Mai Der Vang is an extraordinary collection of powerful poems that excavate the humanity of those swept up in the war and the subsequent exodus of someHmong refugees to the United States.
For the best Barrons. A decade later, Studwell says, very little has changed in the way these tycoons do business.
Right up my alley of godfsthers, somewhat technical, economic reading, “yawn” for most everybody else. On top of interesting story about South East Asian’s tycoons, the book has an insightful chapter on what drove Asian financial crisis in late ‘s.
The key to obtaining godfather status is “core cash flow”. Super-luxe condo tower blossoms in Bangkok.
What makes a billionaire? East Asian’s have first world standards of living. Lee is embroiled in the same influence-peddling scandal undoing Park and shoulder-checked the Korean establishment. Studwell is by no means a Neo-con, but he godfxthers has an obsession with spreading democracy as a cure all for the problems of entrenched corporate statism.
Among those on the list, at one hand there’s a group of billionaires that Donald Trump called “the lucky sperm club”, those who were born into an already wealthy dynasty like the billionaire children of Wall-Mart founder Sam Walton.
The city increased account secrecy provisions and changed trust laws in a manner designed to attract the kind of money Switzerland had dealt in; the number of foreign private banks in Singapore almost doubled between and It did not work for me but looking at all the great reviews; Maybe I lack something to appreciate this work.
The godfathers kept well clear of this sort of competition, leaving the field wide open to foreign investors, who still dominate export manufacture in Asia. Countless poor countries have stunted their growth by creating national champions and enforcing partial or total autarky in the chosen industries.
Studwell explored how moguls in Hong KongIndonesia, Malaysia, the Philippines and South Korea get super wealthy not because of individual genius, but by harnessing export-led booms. Skip to main content. I think this is a compelling argument, but you also have to explain why this trend exists over years later.
Studwdll Rights Reserved This copy is for your personal, non-commercial use only. In this explosive account, Joe Studwell finds that the facts are even more remarkable than the myths, as he lifts the lid on a world of hypocrisy, sgudwell and enormous wealth. This is a relatively old book published in No trivia or quizzes yet.
E-mail us at asia. An operating environment in which guanxi, political favour and licences are relatively more important than the inherent efficiency and global competitiveness of a business make this inevitable. He has a facility for gaining access to Asia’s rather A complex mythology surrounds them, one which informs Asian views on culture, entrepreneurialism and economics. Rather than business acumen or management sophistication, the author points out, many Southeast Asian business leaders have historically relied on their web of mutually This book methodically dismantles the myth of the astute business tycoon and tells the real, often-unflattering stories behind the “success” of the people that make up Southeast Asia’s economic elite which, in my opinion, is a more interesting angle compared to the fawning hagiography typically reserved for persons of their ilk.
So why has the southeast languished so long? On the other hand there are those extra ordinary people who build their businesses from their dorm room or garage like Bill Gates and Michael Dell, or stories of ordinary professionals that sturwell their day job to build Coffee Republic and The Body Shop, among others, or those who started their business only after they got fired from their job like Michael Bloomberg.
Some of the more questionable arguments of Studwell: We’ve seen this book described as “the best business book about Southeast Asia ever written”, and although we don’t as a rule delve into business books this is more historical political economy we reckon this is probably a pretty spot-on description.
Feb 25, Johan Sulaiman rated it really liked it Shelves: And in Asia there’s an unpleasant tendency to explain their success in racial terms because so many of these tycoons are overseas Chinese.
Samsung Exposes ‘Asian Godfathers’ Problem – Barron’s
Secondly, their ports being their one natural and geographical advantage have provided a means for imports and exports to flow through the region as well a platform through which goods could be smuggled in breach of UN embargo against China, post Then this is the Vietnam book for you. I wish more would read this book and realized how the public has been short changed by the government and these individuals.
Sunday, 26 August, Joe Studwell excellently defends his position that even though Southeast Asia has a higher per capita portion of the richest business families in the world, that their wealth is unfairly gained through political mechanisms at the expense of the country’s citizens.
Overall, Studwell does a good job succinctly explaining the rise of SE Asia’s tycoons.