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

Description

Until the catastrophic economic crisis of the late 1990s, East Asia was perceived as a monolithic success story. But heady economic growth rates masked the most divided continent in the world - one half the most extraordinary developmental success story ever seen, the other half a paper tiger. Joe Studwell explores how policies ridiculed by economists created titans in Japan, Korea and Taiwan, and are now behind the rise of China, while the best advice the West could offer sold its allies in South-East Asia down the economic river. The first book to offer an Asia-wide deconstruction of success and failure in economic development, Studwell's latest work is provocative and iconoclastic - and sobering reading for most of the world's developing countries. How Asia Works is a must-read book that packs powerful insights about the world's most misunderstood continent.

Joe Studwell is the founding editor of the China Economic Quarterly. He has contributed to the Economist Intelligence Unit, Economist, Financial Times, Asian Wall Street Journal, Far Eastern Economic Review, and many other publications. Previous books include Asian Godfathers which sold over 16,000 copies for Profile and The China Dream.

Pithy, well-written and intellectually vigorous ... Studwell's thesis is bold, his arguments persuasive, and his style pugnacious. It adds up to a highly readable and important book * Financial Times * How Asia Works is not a gripping page-turner aimed at general audiences, but it's a good read for anyone who wants to understand what actually determines whether a developing economy will succeed. Studwell's formula is refreshingly clear-even if it's very difficult to execute. * Bill Gates *