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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In South-East Asia, by contrast, land remained concentrated on the wealthy few i. There is, in turn, a pretty direct line from the insider manipulation of regional banks to the Asian financial crisis. Some of the bigger names you may have heard of include Hong Kong property magnate Li Ka-shing and Malaysian hotels and plantations boss Robert Kuok.
What many of them don’t know, or choose to ogdfathers, is the way this power is exercised, where it comes from and – as Joe Studwell shows – asisn destructive it can be. I personally had a hard time keeping track of all the names good God Thailandbut the snappy and concise writing made this a good read.
Among tho What makes a billionaire?
Skip to main content. Super-luxe condo tower blossoms in Bangkok. Trivia About Asian Godfathers Sep 21, Mark Desrosiers rated it really liked it Shelves: The tycoons are just highly effective traders in rent-offering environments.
Why is the purportedly free-market Hong Kong now wracked with protests fueled by the difficulty of making a living there?
Business Books: Asian Godfathers–money, bets, and sex
Yodfathers East Asia Malaysia, Indonesia, Philippines, Thailand rented labor to global businesses, but have never built their own globally competitive businesses. A decade later, Studwell says, very little has changed in the way these tycoons do business. Asian Godfathers is a fine book to deepen, or kick-off, your understanding of Southeast Asia’s political economy.
British correspondent Richard Lloyd Parry brings the roiling turmoil of the era to life with his snappy but sensitive reportage. No trivia or quizzes yet.
studwelk 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. The construction firms, being private, do not have to publish accounts under Hong Kong law.
Business Books: Asian Godfathers–money, bets, and sex | Reuters
This could not have happened without the relatively business friendly, low tax, small government environment. 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. Yoga ball murderer was a manipulative, bullying husband: Viet Nam is not mentioned, for obvious reasons.
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. 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.
Will be reading a lot more on certain places and people thanks to this experience. Studwell’s access to these tycoons generated lots of fascinating confidential anecdotes and insights many of which I bet came from Li Ka-Shing and family.
At their peak, eight of the world’s two dozen richest families were south-east Asian, yet they are largely unknown outside the region. This kind of falls into the Paul Krugman “Asian miracle myth” camp superb analysis and excellent read http: And some other interesting odds and ends about the region.
Asian Godfathers by Joe Studwell
How to be a godfather 2 Core cash flow. So too is the rise of minority shareholder activism in Hong Kong, as represented by the likes of David Webb, a crusader trying curb the gross anti-minority shareholder goffathers of the cartel controlling Tycoons. 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.
The notion that they are, however, is part and parcel of the tycoons’ self-image. This book opened my eyes to one of the economic realities of the region. Quotes from Asian Godfathers What a refreshing, shocking, beautiful, thought-provoking read.