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Asian Godfathers
Book

Asian Godfathers

Money and Power in Hong Kong and Southeast Asia

Atlantic Monthly Press, 2007 подробнее...


Editorial Rating

8

Qualities

  • Innovative
  • Eye Opening
  • Overview

Recommendation

The Western world views the economies of Southeast Asia as “Asian tigers,” and sees Hong Kong, Malaysia, Singapore, Indonesia, Thailand and the Philippines as hubs of free trade and innovation. Not so fast, warns Asia expert Joe Studwell. What appear to be sleek, streamlined economies are more like rickety old jalopies that creak with cronyism and secretive monopolies. In this enlightening, searing attack, Studwell pegs Asia’s ruling tycoons or “godfathers” as charming billionaire throwbacks who ruthlessly control business empires with the permission of corrupt, ever-shifting governments, prospering as the populace struggles. Studwell does a masterful job of synthesizing a sprawling topic. getAbstract recommends his book to anyone who’s considering investing in or doing business in Southeast Asia.

Take-Aways

  • Southeast Asia cultivates a myth of free trade and economic openness. In fact, its governments support closed monopolies.
  • Hong Kong, Singapore, Malaysia and other nations tightly control their domestic economies, benefiting the “godfathers,” and harming laborers and consumers.
  • Godfathers use cozy relationships with politicians to keep lucrative monopolies.

About the Author

Journalist Joe Studwell edits the China Economic Quarterly and is a director of a research firm. He has covered China for The Economist and wrote The China Dream: The Elusive Quest for the Greatest Untapped Market on Earth.


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