How Asia Works
How Asia Works
Joe Studwell
Bill Gates
A good read for anyone who wants to understand what actually determines whether a developing economy will succeed. - Bill Gates
Noah Smith
I HIGHLY recommend [this book]. - Noah Smith
Patrick Collison
A really good book. - Patrick Collison
+
3
All books

How Asia Works

How Asia Works: Success and Failure in the World's Most Dynamic Region

Joe Studwell
By
Joe Studwell
4.3
473
ratings on Goodreads

In "How Asia Works," Joe Studwell embarks on a meticulously researched journey through the contrasting economic landscapes of Asia to unravel the secrets behind the region's most dynamic economies. With a keen eye for detail and a storyteller's flair, Studwell examines the policies and practices that have propelled countries like South Korea, Taiwan, and China to global prominence, while others have lagged behind. Through vivid case studies and engaging analysis, Studwell illuminates the critical importance of land reform, manufacturing, and financial system overhauls in these success stories, offering valuable lessons for emerging economies worldwide. This compelling narrative not only dissects the economic strategies that have shaped Asia but also delves into the cultural, political, and historical contexts that have influenced these policies. Studwell's work stands as a testament to the complexity of development and the nuanced interplay between government intervention and market forces. "How Asia Works" is an indispensable guide for anyone seeking to understand the factors that have transformed parts of Asia into economic powerhouses and how these lessons can be applied to foster growth and prosperity in other regions.

Read more
Released
2013
1 Mar
Length
320
Pages

3

recommendations

recommendation

I HIGHLY recommend [this book]. - Noah Smith
A really good book. - Patrick Collison
A good read for anyone who wants to understand what actually determines whether a developing economy will succeed. - Bill Gates
The easiest way to run developmentally efficient finance continues to be through a banking system, because it is banks that can most easily be pointed by governments at the projects necessary to agricultural and industrial development. Most obviously, banks respond to central bank guidance. They can be controlled via rediscounting loans for exports and for industrial upgrading, with the system policed through requirements for export letters of credit from the ultimate borrowers. The simplicity and bluntness of this mechanism makes it highly effective. Bond markets, and particularly stock markets, are harder for policymakers to control. The main reason is that it is difficult to oversee the way in which funds from bond and stock issues are used. It is, tellingly, the capacity of bank-based systems for enforcing development policies that makes entrepreneurs in developing countries lobby so hard for bond, and especially stock, markets to be expanded. These markets are their means to escape government control. It is the job of governments to resist entrepreneurs’ lobbying until basic developmental objectives have been achieved. Equally, independent central banks are not appropriate to developing countries until considerable economic progress has been made.
— Joe Studwell, How Asia Works

Similar recommendations

View all
The Rational Optimist
11
people
person
The Changing World Order
9
people
person
The Wealth of Nations
8
people
person
Economics in One Lesson
7
people
person
The Sovereign Individual
The Sovereign Individual
James Dale Davidson
7
people
person
The Rise and Fall of American Growth
6
people
person
Capital in the Twenty-First Century
4
people
person
The Law
The Law
Frédéric Bastiat
4
people
person
The Road to Serfdom
4
people
person
Freakonomics
Freakonomics
Steven D. Levitt
3
people
person

This site is part of Amazon’s Associates Program. Purchasing books recommended by successful individuals through my links earns us a small commission, helping keep the site running, at no additional cost to you. Thank you for supporting our site!