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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Li is ready for a massage. Skip to main content. Asiab told Ho to stay out of the kitchen if he cou I was hoping it would be a bit more salacious and studwfll and less empirical and scholastic but a great read nevertheless both on the contemporary socioeconomic structure of Southeast Asia and the manner by which Colonialism’s empowering of minority and immigrant groups lasts today in the forms of various tycoons and the protected industries they rule.

Business Books: Asian Godfathers–money, bets, and sex

We’ve detected you are on Internet Explorer. A book about the rich and famous that really contains a story about South East Asia. This kind of falls into the Paul Krugman “Asian miracle myth” camp superb analysis aslan excellent read http: Chudori Epic, compelling, important: Yet the scale of their dominanceoften obscured from the masses, is a major roadblock to greater innovation, competition and deregulatory steps to help gross domestic product trickle down.

What a refreshing, shocking, beautiful, thought-provoking read. So to put it shortly I’m not entirely convinced. His conclusion is that these Asian “godfathers” and yes, he does half-apologize for godfathees word choice at the outset succeeded because of the unusual political circumstances, and because they essentially ended up in rent-seeking environments created by their respective states or city-states in the case of Hong Kong and Singapore.


By Joe Studwell Buy online: The construction firms, being private, do not have to publish accounts under Hong Kong law.

Asian Godfathers by Joe Studwell

Real Estate and associated development projects are the risk of choice. Yes, the godfathers do steal, bribe, rob, transgress, and exploit, but they do so within a preset legal and executive systemic political players that enable them.

In North-East Asia, governments determined to push through land-reform, creating a broad and equitable distribution of start-up capital for everyone.

Then there’s the question of godfather benevolence. Some of the more questionable arguments of Studwell: Why beauty was a curse for women in imperial China. asain

Not all the information are new but a good collection of all the rumors and news you’ll hear about the Asian tycoons. These city-states have gained the appearance of success via three avenues.

This was an interesting and eye opening, but I think misses the broader studwrll of HK, which are fairly indisputable when one looks at growth and immigration rates. Freight charges, for instance, might be increased to divert earnings into shipping, which is an offshore, tax-free activity.

Provides a series of interesting factual tidbits and nuggets of gossip, but one wonders if factual robustness was diluted somewhat by the author’s confirmation bias and need to generalize things. Viet Nam is not mentioned, for obvious reasons.

Li also pays close attention to what brokerage reports gorfathers about his companies.

A review of Asian Godfathers by Joe Studwell

The tycoons, on the other hand, have prospered through rent-seeking activities – ‘at the heart of the average godfather’s empire is a concession or licence that gives rise to monopoly or oligopoly sturwell, he writes. Even success cases are hitting walls. To ask other readers questions about Asian Godfathersplease sign up. How to be a postwar godfather.


Asian Godfathers: Money and Power in Hong Kong and South-East Asia

How to be a godfather 1 Get in character. 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. The city increased account secrecy provisions and changed trust laws in a manner designed to attract the kind of money Switzerland had dealt in; the number of foreign private banks in Singapore almost doubled between and By suavely ingratiating themselves with new, post-colonial leaders, they won monopolies in commodities, real estate, power and gambling.

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. As a result, there are no global brands.

There’s nothing wrong with the diagnosis that SE Asia prospered because of the deployment of labor and not any meaningful increases in productivity 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. Exports grew to a point where they actually exceeded gross domestic product.

Hard to believe Studwell hasn’t been taken to court for defamation by the Lees or any number of other candidates.