Studwell’s thesis is bold, his arguments persuasive, and his style pugnacious. It adds up to a highly readable and important book that should make people. Bill Gates reviews “How Asia Works” by Joe Studwell. How Asia Works. Success and Failure in the World’s Most Dynamic Region. Joe Studwell. A provocative look at what has worked – and what hasn’t – in East.

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If the conclusion is that it’s due uniquely to the characters of individual policy makers, then of course we cannot be very hopeful about any generalisable policy recommendations. The ensuing agricultural boom gave these governments the cash to fund industrialisation.

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

The writing style keeps the reader glued. However, I clicked on 4 stars because of the reason that he has not treated India in this book! The second point is more subtle. Land reform has been essential to the success of Asian economies, giving a kick start to development by utilizing a large workforce and providing capital for growth. Studwelll helps you keep track of books you want to read.

Visualizar ou modificar seus pedidos em sua conta. Initially Communist land reform in China was popular with the people, and the KMT were forced to copy it in Taiwan to achieve some popularity with the locals.

Although not a policy prescription in the strictest and narrowest interpretations of the t “How Asia Works Nov 10, Nazri Awang rated it really liked it.

I am now trying to find some points to add to what Noah Xsia wrote on the subject but it’s not easy to think of anything. Some countries like Japan managed this well, worrks their food production as well as increasing economic mobility, while oligarchies in others like the Philippines made sure that redistribution never disrupted their control of local markets.


In stark contrast, Malaysia after obtaining its liberation from colonial rule employed state entities to buy out various mining and plantation interests, but made no effort to shift to an export manufacturing strategy for domestic firms. Joe Studwell is the founding editor of the China Economic Quarterly. Very well-written book, thoroughly researched.

Last chapter is on China wotks light of the foregoing historical analysis.

But I suggest you to read this book to learn in greater details. Korea such as related party lending have received only a cursory mention – an analysis of this and possible safeguards would have been useful. Dec 26, Oliver Kim rated it it was amazing. I bought this howw on the recommendation of the Marginal Revolution blog.

Studwell remarks that often Chinese businesses find it easier to compete in the business-to-business heavy-industry sectors like energy, shipbuilding, or rail compared to more consumer-focused sectors like high tech, but since China is for the most part adhering to the successful path of heavy financial repression and capital controls though anyone who’s followed the Bo Xilai story knows the vast aska of Chinese corruptionit seems that China will most likely wokrs in a few decades at or near the technological frontier of the rich Western countries.

The author explains that a studwwll of the policies that made these and other industrialized countries successful are contrary to those spouted by the world bank, IMF, and the US. Studwell’s in-depth analysis focuses on three main areas: A lot of it is tough to get through, there is a lot of statistics and so many different players in the game that it is sometimes difficult to keep everything straight.

Reading it will also tell, indirectly, why middle joee is cringing now to the rate of interest being offered by Indian banks;why paltry payrise by pay commission etc! Jul 02, Jingwei Shi rated it really liked it Shelves: Japan, South Korea, and Taiwan; Thailand, Malaysia, Indonesia, and the Philippines; and of course China, which appropriately gets the entire fourth section of the book all to itself.


The author has clearly segregated worrks successes S. Studwell outlines a 3 point formula that has been applied in varying degrees across the world. This review has been hidden because it contains spoilers.

How Asia Works by Joe Studwell

They now love to prescribe development policies of neo-classical school for developing countries which have been disproved repeatedly around the world. Wprks both cases, historical experience cries out against against a reductive theory, shorn of political context. The closed-economy, perfect-competition growth models featured in most textbooks have little to say on how this is possible.

Overall, Studwell has done an excellent job of explaining why leaders like Park Chung-Hee, Deng Xioaping, and Meiji took their countries in such different paths than Mao Zedong, Mahathir Mohamad, and Sukarno in a brisk, well-argued volume. Any book asja tackles such a broad subject invites criticism, but for the most part the book seems to mesh well with other books I’ve read. The author provides a context for all the economies which helps us better understand the development …more This is an easy read with very little jargon.

Studwell goes into a great amount of detail on how various countries’ financial sectors either contributed to their paths of development or inhibited them, and the Asian financial crisis of course figures prominently as a warning sign to countries that were on the wrong development path.

Compelling argument for the efficacy of a three-pronged approach to development.

A doctrinaire free market approach has not worked anywhere in the world – support from the state has been present in varying degrees in the UK, US, Germany and Ztudwell.

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