Asian Godfathers: Money and Power in Hong Kong and South-East it comes from and – as Joe Studwell shows – how destructive it can be. Asian Godfathers. Joe Studwell. longlist Studwell argues that greed, corruption and excess were partly responsible for the crisis and that Asia’s tycoons. Compre o livro Asian Godfathers: Money and Power in Hong Kong and Southeast Asia na : confira as ofertas para por Joe Studwell ( Autor).
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Best business books
But what these business books didn’t tell us is what the book ‘Fooled by Randomness’ describe as “survivorship bias”, where numerous failed attempts in the same narrow field by many other people are left unexposed, hence these stories only biased towards the survivors of the game.
George’s observation that ‘he detected in Lee the insecurity of a man alienated from his Chinese morrings, a man who, because he does not quite belong anywhere, has had to remake Singapore in his own image to compensate for his own alienation’.
Through this mechanism, this wealthy elite were able to become even more wealthy by creating for themselves businesses protected from the discipline of foreign competition, but still able to generate massive wealth for their owners through the operation of domestic cartels.
Exports grew to a point where they actually exceeded gross domestic product. This was an interesting and eye opening, but I think misses the broader successes of HK, which are fairly indisputable when one looks at growth and immigration rates.
This kind of falls into the Paul Krugman “Asian miracle myth” camp superb analysis and excellent read http: He has particular animus towards Lee Kuan Yew for his racialist theories and elitism and LK Shing for his popular portrayal as a shrewd and frugal businessman whose massive fortune is entirely a product of Hong Kong’s highly regulated domestic economy.
Apr 23, Thai Son rated it really liked it Shelves: The Thomson Reuters Trust Principles.
Hong Kong and Singapore are the Switzerland o Interesting. This inherent fragility was brutally exposed when the Asian Financial Crisis hit.
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 There’s nothing wrong with the diagnosis that SE Stuudwell prospered because of the deployment of labor and not any meaningful increases in productivity But the task of actually running their businesses, and putting deals cut over golf or lunch into practice, falls to managers.
Instead, these nations outsourced their cheap labour to foreign businesses, thereby creating the illusion of development through rapid growth, but without the emergence of indigenous global competitive companies to fall back on. Selected pages Title Page. In North-East Asia, governments determined to push through land-reform, stydwell a broad and equitable distribution of start-up capital for everyone.
His conclusion is that these Asian “godfathers” and yes, he does half-apologize for that word choice at the outset succeeded because of the unusual political circumstances, and because they essentially end Studwell is a penetrating and snarky reporter who loves to demolish received notions about Southeast Asian political economy e.
Sure, they spend a lot of time setting up charitable funds, almost all clearly labelled with their names. A Surfing Life is for you.
As an Asian, watching the news about the “untouchable” moguls-turn-politicians and reading about the insanely godfathdrs conglomerates with a relatively unknown company ies before they became wealthy, are all just an everyday routine. Earthbound Travels in the Far Eastsees Italian journalist Tiziano Terzani roam mostly across the Southeast Asia of the early s, introducing us to some intriguing characters and fascinating anecdotes.
Aug 22, Reshad Sabed rated it it was amazing.
Business Books: Asian Godfathers–money, bets, and sex
Why is the purportedly free-market Hong Kong now wracked with protests fueled by the difficulty of making a living there? Godfatners is interesting to know how these individuals manipulated the system and back door dealings to their advantage. He has a facility for gaining access to Asia’s rather Want to Read Currently Reading Read. Books by Joe Studwell. The book exquisitely describes the socio-political landscape of the South East Asian countries, through a godfather historical account.
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 godvathers at the expense of the country’s citizens.
Phnom Penh Sights Beyond the Guidebooks. Balance Trump, cosy up to China, Koreas: The construction firms, being private, do not have to publish accounts under Hong Kong law.
A review of Asian Godfathers by Joe Studwell
The book is too dense and trying to cover too many things. How to be a godfather 2 Core cash flow. I recommend this book, as your view will change. Artists and the Last Age of the Exotic is a romp through a bygone era, studying the tsudwell of six artists who left their homelands to pursue creativity elsewhere.
Asian Godfathers by Joe Studwell
The notion that they are, however, is part and parcel of the tycoons’ self-image. Li also pays close attention godfathsrs what brokerage reports say about his companies.
So too is the rise of minority shareholder activism in Hong Kong, as represented by the asia of David Webb, a crusader trying curb the gross anti-minority shareholder antics of the cartel controlling Tycoons. Import substitution produced large companies, but it did not achieve the objective of making local businesses originate internationally competitive manufactures. I wish more would read th This is a relatively old book published in Confessions of an expat teacher: Chef and Thai food expert David Thompson also includes plenty of interesting history and reportage about the street food of the kingdom.
It’s easy to be carried away by Studwell’s quick flowing prose, but ssian he sweeps along he brushes past a key question of how exactly these tycoons leapfrogged from the crowd of other businessmen to a position godfatherz they were able to get their hands on all these highly lucrative concessions.
As if placing these Asian Godfathers inside a snow globe for all to observe, Joe Studwell has dexterously revealed the activities sudwell Godfathers have been engaging in for several decades in an interesting, no-nonsense fashion.
Chudori Epic, compelling, important: More fundamentally, Studwell questions whether the Asian godfathers have been the real driving force behind the region’s success and concludes that ‘it is small-scale local businesses and the hard work and asuan of ordinary Southeast Asians that have driven development’.