How Asia Works
Recommended by Bill Gates, and 1 others. See all reviewsRanked #26 in Philippines History, Ranked #47 in Development Economics — see more rankings.
In the 1980s and 1990s many in the West came to believe in the myth of an East-Asian economic miracle, with countries seen as not just development prodigies but as a unified bloc, culturally and economically similar, and inexorably on the rise. In How Asia Works, Joe Studwell distills extensive research into the economics of nine countries—Japan, South Korea,... more
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Bill Gates CEO/MicrosoftStudwell produces compelling answers to two of the greatest questions in development economics: How did countries like Japan, Taiwan, South Korea, and China achieve sustained, high growth? And why have so few other countries managed to do so? His answers come in the form of a simple—and yet hard to execute—formula: (1) create conditions for small farmers to thrive, (2) use the proceeds from agricultural surpluses to build a manufacturing base focused on exports, and (3) nurture both these sectors with financial institutions closely controlled by the government. The agriculture section... (Source)
Rankings by Category
How Asia Works is ranked in the following categories:
- #64 in Commerce
- #53 in Economic History
- #86 in How Things Work
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