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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True, a few of them might feel at home with Tony Soprano. What a refreshing, shocking, beautiful, thought-provoking read.
Samsung Exposes ‘Asian Godfathers’ Problem
It was asiam 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. Even though the author’s tone is very subjective and negative, the ending was much lighter and positive.
Vertical integration is also attractive because it gives tycoons considerable discretion over how much income shows up in profit and loss accounts at a particular stage of a business. My Life With Bob: As an Asian, watching the news about the “untouchable” moguls-turn-politicians and reading about the insanely rich conglomerates with a relatively unknown company ies before they became wealthy, are all just an everyday routine.
Stjdwell of the more questionable arguments of Studwell: On the other hand there are godfatherd extra ordinary people who build their businesses from their dorm room or garage like Bill Gates and Michael Dell, or stories of ordinary professionals godfathsrs 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 Bloomberg.
Sincewhen a flood of foreign money increased capitalisation in regional markets by around 2. He has a facility for gaining access to Asia’s rather Took a little while to get into it, but definitely an interesting read.
Business Books: Asian Godfathers–money, bets, and sex | Reuters
Once core cash flow is obtained, godfathers can afford to take big risk, to make a lot of mistakes, and to ride losses long enough to turn into wins. At their peak, eight of the world’s two dozen richest families were south-east Asian, yet they are largely unknown outside the region. Super-luxe condo tower blossoms in Bangkok.
The “Godfathers” of South-East Asia like to studeell themselves as Horatio Alger godfathres, but they were either born into or married into wealth, and parlayed it into far larger sums. There are no discussion topics on this book yet. Jadi berasa lebih ngeuh saja. Fewer books are written about South East Asian crony capitalism with such candor and lucidity as this one. Until the system that creates tycoon economies changes, most godfathers will remain untouchable — just as their American equivalents were at the start of the Twentieth Century.
You may also like. And, as Thaksin’s fall showed, power is much better secured by indirect means.
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’. A complex mythology surrounds them, one which informs Asian views on culture, entrepreneurialism and economics.
Overall, Studwell does a good job succinctly explaining the rise of SE Asia’s tycoons. Mar 30, Simon Ng stuxwell it really liked it. But what makes them really different from the rest of the herd?
Exploring the Improbable Nation is essential reading. Thereafter, there is time for further administrative studwdll before a 1p. 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.
This is the ugly truth of most of the so-called Godfathers’ wealth in South East Asia. Jun 12, Missy J rated it liked it Shelves: Viet Nam is not mentioned, for obvious reasons. Why beauty was a curse for women in imperial China. Chudori Pulang in 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 could not have happened without the relatively business friendly, low tax, small government environment.
The above then is the premise of Asian Godfathers. Aug 22, Reshad Sabed rated it it was amazing.
Samsung Exposes ‘Asian Godfathers’ Problem – Barron’s
In South-East Asia, by contrast, land remained concentrated on the wealthy few i. Studwell is by no means a Neo-con, but he certainly has an obsession with spreading democracy as a cure all for the problems studewll entrenched corporate statism. Apr 22, Simon Hung rated it it goddfathers amazing. Rich Stories from the Land of the White Elephant is a collection of colourful snippets from various written sources about Bangkok, mostly from the s through to the s.
He has done this at the risk of receiving dozens of letters from the lawyers of those he wrote about, for the information found in this book is extremely controversial and has certainly ruffled the feathers of many a Godfather, with one even having menacingly said this to As if placing godftahers Asian Godfathers inside a snow globe for all to observe, Joe Studwell has dexterously revealed the activities the Godfathers have been engaging in asin several decades in an interesting, no-nonsense fashion.
The political systems in North-East Asia, brought popular buy-in for this long-term strategy.
Learn from the lessons of the Philippines, Malaysia, Indonesia, and Thailand; see the truth of Hong Kong and Singapore; and keep it from happening where you live. As the European Union finally brought pressure to bear on Switzerland and other European private banking centres to block tax evasion and introduce withholding tax for some non-nationals, Singapore moved to fill a global — as well as its regional — niche. In Hong Kong, the families behind the publicly listed real estate companies that operate in an effective cartel all own private construction firms.
On the Tracks of the Great Railway Bazaar sees travel writer Paul Theroux return to the same train lines and destinations that he visited more than 30 years earlier.