Joe Studwell. The men who control the economies of S.E. Asia are unimaginably rich and powerful. They gamble at golf for US$2 million a hole. This is – for the. 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.
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Asian Godfathers: Money and Power in Hong Kong and South-East Asia
Countless poor countries have stunted their growth by creating national champions and enforcing partial or total autarky in the chosen industries. May 08, Edwin Setiadi rated it really liked it.
Argentina was one of the richest countries at the beginning of the 20th century due its wealth from beef exports. Each of the godfathers was able to use early money to purchase a concession concession. Apr 22, Simon Hung rated it it was amazing.
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These city-states have gained the appearance of success via three avenues. Want to Read saving…. It is important to their personal sense of pride and it is critical to the maintenance of authoritarian political structures and unfree markets in the region. Against an illuminating historical backdrop, Studwell explodes various myths surrounding the rise of the often silent and reclusive tycoons.
Among those on the list, at one hand there’s a group of billionaires that Donald Trump called “the lucky sperm club”, those who were born into an already wealthy dynasty like the billionaire children of Wall-Mart founder Sam Walton.
True, a few of them might stucwell at home with Tony Soprano.
Studwell has spent fifteen years as a reporter in the region, and he marshals his unprecedented sources to paint intimate and revealing portraits of the men who control Southeast Asia. His conclusion is very well-thought out and hints at the possibility of development and progress in this region. In the current climate of inflated asset prices, investors in Asia should take note.
R Kukrit Pramoj The late M. This is the ugly truth of most of the so-called Godfathers’ wealth in South East Asia. We’ve seen this book described as “the best business book about Southeast Asia ever written”, and although we don’t as a rule delve into business books this is more historical political economy we reckon this is probably a pretty spot-on description. The failure of politics in South-East Asia which gave rise to this, has been characterized by too tight a relationship between governments and the Asian Godfathers.
This, in theory, provides an excellent mechanism to drain profit from the listed developers. It’s The System there, in which capitalism has meant favoring the few. Some of the more questionable arguments of Studwell: While the tycoons were busy with their monopolies, the real revolution propelling Asia into the world market economy was provided by competitively priced and well-made exports. Asian Godfathers is a fine book to deepen, or kick-off, your understanding of Southeast Asia’s political economy.
Spanning war, the fall of Saigon, gay love, families and much more, the poems may traverse sometimes familiar ground, but they offer fresh perspectives using language that sparkles as if its very words were diamonds.
Even that “moral” bastion Singapore has a casino now. What a refreshing, shocking, beautiful, thought-provoking read. Somtow A novel not easily defined by genre, S. But he’s very explicit studdwell how capital is raised among tycoons in Southeast Asia: However, it still gives a good historical account on some of the rich and famous tycoon in Asia.
Asian Godfathers: Money and Power in Hong Kong and South East Asia by Joe Studwell
This book methodically dismantles the myth of the astute business tycoon and tells the real, often-unflattering stories behind the “success” of the people that make up Southeast Asia’s economic elite which, in my opinion, is a more interesting angle compared to the fawning hagiography typically reserved for persons of their ilk. I seldom write reviews, but this is a book that deserves to be read by more.
His more interesting points are: He is author of The China Dream.
South-east Asia has all the trappings of a modern economy — high-tech factories, stunning high-rise sstudwell, contemporary transportation systems and utility providers — but no indigenous, large-scale companies producing world-class products and services. Studwwll “Godfathers” of South-East Asia like to portray themselves asjan Horatio Alger stuwdell, but they were either born into or married into wealth, and parlayed it into far larger sums. Most of the concessions available are gambling related casions, lotteries but if you look carefully, there are concessions available everywhere.
In Hong Kong, the families behind the publicly listed real estate companies that operate in an effective cartel all own private construction firms.
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.
If women appear on the godfather stage it’s always in the role of wife, mother or daughter of one of the Asian tycoons who, according to Forbes magazine, constitute a third of the two dozen wealthiest people on the planet. Though he’s never explicit on the point, Studwell does indicate that some form of co-dependency between tycoons and dictators or brief statist strongmen created these economic policy decisions.
Jet Li poses for photo with daughters in sfudwell glimpse into private life. And it’s that genius for making a deal that led the godfathers to understand that the really crucial deals had to be made with politicians who had the power to grant the lucrative concessions.