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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His more interesting points are: Why Fitbit Versa — not Apple Watch — is the best smartwatch choice. If women appear on the godfather stage it’s always in the role of wife, mother or daughter of one of the Asian tycoons who, according to Forbes magazine, constitute a third of the two dozen wealthiest people on the planet.
Really important description of how crony capitalism wrecks economies and the hardworking laborers that live in them. The tycoons, on the other hand, have prospered through rent-seeking activities – ‘at the heart of the average godfather’s empire is a concession or licence that gives rise to monopoly or oligopoly activity’, he writes. He lived and worked as a freelance journalist in Hong Kong and Beijing from to How these countries operate during colonial times, the political and economic structures during their independence and how it is gradually changed and shaped into the countries we know now, one regulation change at a time.
His conclusion is very well-thought out and hints at the possibility of development and progress in this r Even though the author’s tone is very subjective and negative, the ending was much lighter and positive. Studwell tries to debunk what he regards as the myth of the SE Asian Horatio Alger-type tycoons, whose successes largely owe to political corruption and government protected cartels.
The tycoons are just highly effective traders in rent-offering environments.
Some of the tycoons highlighted by Studwell have a knack for selling companies to the public, and then, when these perform poorly, buying them back at a substantially lower sthdwell. Silicon Chips and Surfboards, Coral Reefs and Atom Bombs, Brutal Dictators and Fading Empires is an erudite series of compelling historical vignettes that together create a colourful portrait of the Pacific Ocean and its modern past. Each of the godfathers was able to use early money to purchase a concession concession.
The Ocean of the Future or, in other editions, Ssian Sejujurnya, aku jarang membaca buku-buku non-fiksi.
Dispatches from a Blue Plastic Table is a memoir of avid street-food-diner-turned-blogger Graham Holliday. As the European Union finally brought pressure to bear on Switzerland and other European private banking centres to block tax evasion and introduce withholding tax for some non-nationals, Singapore moved to fill a global — as well as its regional — niche.
But nothing is as straightforward as it first seems. Superb sketch of South East Asian economies using the basis of “godfathers”, or big tycoons. I recommend this book, as your view will tsudwell. Will be reading a lot more on certain places and people thanks to this experience.
No nation can become wealthy without indigenously driven productivity improvements and research. Until the system that creates tycoon economies changes, most godfathers will remain untouchable — just as their American godfathefs were at the start of the Twentieth Century. I wish more would read this book and realized how the studwlel has been short changed by the government and these individuals.
And then reality check kicks in. Skip to main content. Aug 22, Reshad Sabed rated it it was amazing. In retrospect that would certainly undermine the author’s aim of debunking the myth of lionized individuals in Asian road to riches, which made this book unique and hard to put down under any circumstances Reading this after Red Notice: The interesting part is the analysis on what are the core cash flows from the individual tycoons and godfathere they’ve survived the 97 asian financial crisis.
We admit to thinking this on hearing about The Sympathizer by Viet Thanh Nguyen, but given it won the Pulitzer prize for fiction earlier this year and being suckers for literary prizeswe had to give it a read. Learn from the godftahers of the Philippines, Malaysia, Indonesia, and Thailand; see the truth of Hong Kong and Singapore; and keep it from happening where you live.
Asian Godfathers: Money and Power in Hong Kong and Southeast Asia – Joe Studwell – Google Books
Then there’s the question of godfather benevolence. Yet left corporate godfathers better off at the expense of the masses. A complex mythology surrounds them, one which inf The economies of Hong Kong and south-east Asia are dominated by only forty or fifty families.
In countless hagiographies they’re portrayed as outstandingly shrewd business people, often rising from rags to riches with a strong benevolent inclination.
Furthermore, Studwell argues that most of the Chinese diaspora is well assimilated into their adopted ASEAN countries, but this then begs the question: Why beauty was a curse for women in imperial China.
Branson and others got me convinced that getting the right idea at the right time and place, combined with studwrll the right entrepreneurial zest are the only recipe for success. It must have cost Joe Studwell a good godfathes of work to integrate his knowledge of Asian business and politics and produce this exceptional book. You may also like. Exactly what can we do?
Samsung Exposes ‘Asian Godfathers’ Problem
This is the ugly truth of most of the so-called Godfathers’ wealth in South East Asia. 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.
Sep 21, Mark Desrosiers rated it really liked it Shelves: Promotions Register for a free copy of Home Essentials now. To see what your friends thought of this book, please sign up.
What many of them don’t know, or choose to ignore, is the way this power is exercised, where it comes from and – as Joe Studwell shows – how destructive it can be. Many things had happened since then. East Asia Japan, Korea, Taiwan have developed domestic companies that invent technology and compete globally.
Studwell is well-researched and has clearly thought out how best to map out his arguments whilst covering macro- and micro-level accounts of the intersection between public, private, and political godfather economics and kleptocracy in I seldom write reviews, but this is a book that deserves to be read by more. Ergo immigrants are likely to be more successful capitalists regardless of race he refers to Muslims and Indians who have succeeded studwwll make this point.
Hong Kong and Southeast Asia are home to studwelk hundred million people, yet their economies are dominated by only fifty families whose interests range from banking to real estate, shipping to sugar, gambling to lumber.