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 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.
Studwell rejects the racial explanation of SEA problems and instead pins most of the blame for the region’s underperformance to the lack of political will or some say conscience of the political elites of Indonesia, Thailand, Malaysia, and the Philippines.
Beberapa nama yang lain, nama-nama dari LN ntu ada yang tahu dan pernah dengar sih, tetapi tetap saja beda gregetnya dengan membaca taipan-taipan ‘bermasalah’ yang sekarang ada di ‘sana’. Yet from there it took studsell more than mere nepotism to push into the premier ranks of business leadership.
Asian Godfathers by Joe Studwell
He speaks English, but prefers to read Chinese, so relevant parts of the English language papers are translated before his [office] arrival. Feb 17, Chris rated it it was amazing. 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’. How to be a godfather 3 Structuring an organisation chief slaves and gweilo running dogs.
InPark Geun-hye got elected on pledges to rein in the godfathers. There is also a repeated discussion about the economic purpose of Singapore and Hong Kong: Aug 27, Dominic Wong rated it it was amazing. 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 possibilities for tax evasion and transfer pricing between different south-east Asian jurisdictions have also produced vast funds in need of off-shore havens. This kind of falls wtudwell the Paul Krugman “Asian miracle myth” camp superb analysis and excellent read http: As the European Union finally brought pressure to bear on Switzerland and other European private banking centres to godfathera tax evasion and introduce withholding tax for some non-nationals, Singapore moved to fill a global — as well as its regional — niche.
Asian Godfathers: Money and Power in Hong Kong and South-East Asia
Godfathers today Defending the precious. The book is too dense and trying to cover too many things. Everyday Popular Culture by Philip Cornwel-Smith remains a fun, offbeat examination of ordinary Thai lifestyles and culture. Li also pays close attention to what brokerage reports say about his companies. Studwell also includes Hong Kong and Singapore in his analysis.
Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. More was at play here, including a system that favoured political strongmen working in cahoots with a few trusted businessmen; one maintained power, the other made money. And in Asia there’s an unpleasant tendency to explain their success in racial terms because so many of these tycoons are overseas Chinese. Most of the concessions available are gambling related casions, lotteries but if you look carefully, there are concessions available everywhere.
Studwell underestimates the genius of men such as Li Ka-shing when it comes to deal making and trading and this explains how they got to the point where godfather status propelled them much further. 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.
It’s a thesis convincingly sustained as Studwell travels the region pointing out raw material concessions here, infrastructure projects there and government-granted monopolies more or less everywhere, which eliminate competition and are licences to print money.
Business Books: Asian Godfathers–money, bets, and sex
studwepl 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 Hard to believe Studwell hasn’t been taken to court for defamation by the Lees or any number of other candidates.
The above then is the premise of Asian Godfathers. You may also like.
Ho shot back, “Not only won’t I stay out of the kitchen, but I will also cook a barbecue pork rice set. He argues that race doesn’t explain the concentration of Chinese tycoons; it’s connected with the success of immigrants, much in the same way that immigrants have flourished in other parts of the world. Oct 30, Jordi Costa rated it really liked it. These city-states have gained the appearance of success via three avenues.
So why has the southeast languished so long? The Philippines could be in for a similar downshift.
Lists with This Book. Studwell crushes these stereotypes with enthusiasm.
A review of Asian Godfathers by Joe Studwell
My Life With Bob: E-mail us at asia. Read this book if you want to know the history of South East Asian countries in a more practical way, the complicated political stories, the ugly truth about its business environment and why these countries developed to become the way they are now. 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 thrift of ordinary Southeast Asians that have driven development’.
Most get a monopoly in certain business fields by their close and personal links in political power, some even get a position in politics, and it’s not uncommon for these Godfathers to pay for certain regulations to be designed for their huge benefit.
It was difficult for me to understand some of the financial and economic terms, however, I think I get the full picture of what the author wants to convey. 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.
The tycoons are just highly effective traders in rent-offering environments.
This could not have happened without the relatively business friendly, low tax, small government environment.