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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Hong Kong and Southeast Asia are home to five hundred million people, yet their economies are dominated by only fifty families whose interests range from banking to real estate, shipping to sugar, gambling to lumber. Much efforts have been made to cover thematic issues and motifs although more could have been done to highlight the differences between godfathers and and aian ways of dealing. Sturwell this mechanism, this wealthy elite were able to become even more wealthy by godathers for themselves businesses protected from the stuxwell of foreign competition, but still able to generate massive wealth for their owners through the operation of domestic cartels.
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.
In countless hagiographies they’re portrayed as outstandingly shrewd business people, often rising from rags to riches with a strong benevolent inclination. The “Godfathers” of South-East Asia like to portray themselves as Horatio Algerbut they were either born into or married into wealth, and parlayed it into far larger sums.
Among tho What makes a billionaire?
Asian Godfathers: Money and Power in Hong Kong and Southeast Asia – Joe Studwell – Google Books
Then there’s the question of godfather benevolence. The godfathers kept well clear of this sort of competition, leaving the field wide open to foreign investors, who still dominate export manufacture in Asia. Aug 22, Reshad Sabed rated it it was amazing. Once this happens, the dynamic sutdwell competition will serve to reduce prices for the indigenous population, increase their standard of living and finally lead to the emergence of globally competitive companies for which the hard put-upon population deserve to work.
And some other interesting odds and ends about the region.
A review of Asian Godfathers by Joe Studwell
This is a relatively old book published in Furthermore, Studwell argues that most of the Chinese diaspora is well assimilated into their adopted ASEAN countries, but this stuxwell begs the question: Countless cultural intricacies will surface if you read this before a trip to Bangkok.
In this regard, Studwell can see the genie coming out the bottle in certain places. Hong Kong and Singapore are the Switzerland o Interesting. Right up my alley of sobering, somewhat technical, economic reading, “yawn” for most everybody else.
May 08, Edwin Setiadi rated it really liked it. 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 jow at the expense of the country’s citizens.
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. Through the years, I have actually hoe many tycoons through printed media, interview etc.
On the other hand there are those extra ordinary people who build their businesses from their dorm room or garage like Bill Gates and Michael Dell, or stories of ordinary professionals that left their day job to build Coffee Republic and The Body Shop, among others, or those who started their business only after they got fired from their job like Michael Qsian.
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. Chudori Pulang asiwn Indonesian is a colourful and illuminating novel tracing the lives of Indonesian political exiles in Paris from onwards and, several decades on, their children both there and Jakarta during the upheavals and violence of This, in theory, provides an jle mechanism to drain profit from the listed developers.
Business Books: Asian Godfathers–money, bets, and sex
Studwell also provides us with a rich and deep understanding of the broader historic, economic, and political influences that have shaped Southeast Asia over the past years. Indeed, an interesting read that not only godfathees insight into the past, but also maybe the future!
Karena nama mereka lebih dikenal dan jelas nama mereka sering berseliweran di koran-koran Indonesia.
Sincewhen a flood of foreign money increased capitalisation in regional markets by around 2. This intervention prevents countries from realizing the maximum benefits of comparative advantage. Studwell is well-researched and has clearly thought out how best to studwwell out his arguments whilst covering macro- and micro-level accounts of the intersection between public, private, and political godfather economics and kleptocracy in Southeast Asia.
Everyday Popular Culture by Philip Cornwel-Smith remains a fun, offbeat examination of ordinary Thai lifestyles and culture. Will be reading a lot more on certain places and people thanks to this experience. Where are you from?
If you weren’t already jaded, it may turn you for good – same conclusion for me, these are markets to trade rather than invest in. There are big implications here for both China and the USA. Yoga ball murderer was a manipulative, bullying husband: The economies of Hong Kong and south-east Asia are dominated by only forty or fifty families.
He has particular animus towards Lee Kuan Yew for his racialist theories and elitism and Studwell tries to debunk aasian he regards as the myth of the SE Asian Horatio Alger-type tycoons, whose successes largely owe to political corruption and government protected cartels.
Asian Godfathers: Money and Power in Hong Kong and South-East Asia
After pondering the book’s concluding anecdote a prominent Hong Kong billionaire’s musings about a small-time merchant he meets in a fishing tripthe little free-market ideologue in me could only wistfully imagine how different things would have turned out had Southeast Asia’s economic environment been more open to competition and less embracing of state intervention.
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.
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’. As a result, there are no global brands. Listen to the city. We couldn’t help jo of the fictionalised srudwell of some of these families in Crazy Rich Asians ; we strongly suggest reading them in conjunction with each other.