Asian Economics

How can poor and weak societies escape poverty traps? Political economists have traditionally offered three answers: "stimulate growth first," "build good institutions first," or "some fortunate nations inherited good institutions that led to growth." Yuen Yuen Ang rejects all three schools of thought and their underlying assumptions: linear causation, a mechanistic worldview, and historical determinism. Instead, she launches a new paradigm grounded in complex adaptive systems, which embraces the reality of interdependence and humanity's capacity to innovate.

Weak, corrupt, and politically unstable, the former Soviet republics of Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan are dismissed as isolated and irrelevant to the outside world. But are they? This hard-hitting book argues that Central Asia is in reality a globalization leader with more extensive involvement in economics, politics, and security dynamics beyond its borders than any other world region. Yet Central Asia's international activities are mostly hidden from view, with disturbing implications for world security.

In How Asia Works, Joe Studwell distills extensive research into the economics of nine countries - Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China - into an accessible narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished.

“A tale of rapacious colonialism, Cold War spy games, dazzling technical innovation, big business rivalry, big power geopolitics . . . Niarchos has produced an unflinching, landmark work on the nature of extractive capitalism.” —Patrick Radden Keefe, New York Times best-selling author of...

Vietnam: From Battlefield to Billion-Dollar Economy How did a nation ravaged by centuries of foreign rule and divided by a brutal war become one of the world’s fastest-growing economic powerhouses and a top US trade partner? For generations, Vietnam stood as a symbol of conflict, a Cold War flashpoint, a nation defined by occupation, division, and the devastating legacy of the Vietnam War. Today, it’s a story of triumphant transformation, a one-party communist state driving global capitalism. This book takes you on a journey through Vietnam’s tumultuous past to answer the central ...

From one of the world’s leading economists, a grand narrative of the century that made us richer than ever, yet left us unsatisfied Before 1870, humanity lived in dire poverty, with a slow crawl of invention offset by a growing population. Then came a great shift: invention sprinted forward...

In the space of a few months, across Asia, a miracle became a nightmare. This was the Asian financial crisis of 1995-98. In this economic crisis, hundreds of people died in rioting, political strongmen were removed, and hundreds of billions of dollars were lost by investors. This crisis saw the US dollar value of some Asian stock markets decline by 90 percent. Why did almost no one see it coming? The Asian Financial Crisis 1995–98 charts Russell Napier’s personal journey during that crisis as he wrote daily for institutional investors about an increasingly uncertain future.

The bestselling author of The Professor and the Madman and The Map That Changed the World examines the enduring and world-changing effects of the catastrophic eruption off the coast of Java of the earth's most dangerous volcano -- Krakatoa. The legendary annihilation in 1883 of the...

Singapore was first written about in the fourteenth century by a Chinese scribe on a merchant ship and described as a hub for pirate ships that was lawless and forgotten about. A couple of centuries later the Dutch destroyed it as all the ports in the Malacca Strait were controlled by them, and they didn't want the competition. In 1819, General Raffles bought Singapore for the British East India Company, and its modern history began. British Malaya existed for nearly 150 years before the Japanese annexed the territory in 1942 and killed millions in their reign of terror in East Asia and ...

Love is in the air for the citizens of Shady Palms, but Cupid’s arrow isn’t the only thing striking the town—not with another killer on the loose. Things are looking up for the Brew-ha Cafe, and Lila Macapagal can’t think of anything that could break the spell, especially with...

If the 20th century was the American century, then the 21st century belongs to China. Now the one and only Jim Rogers shows how any investor can get in on the ground floor of "the greatest economic boom since England's Industrial Revolution". In this indispensable new book, Rogers, one of the world's most successful investors, brings his unerring investment acumen to bear on this huge and unruly land now being opened to the world and exploding in potential.

This short book publishes a 1998 essay on the famous Austrian-American economist Joseph A. Schumpeter (1883 to 1950) who is renowned for his concept of "Creative Destruction" in capitalism. The essay focuses on using Schumpeter's method of socio-economic analysis to obtain insights on trends for capitalism and democracy in the 21st century. The fact that the essay is from 1998 provides an interesting way of testing the value of Schumpeter's insights to see how these insights have fared since 1998. Schumpeter is very popular among writers on business and economics because his concept of ...

"In vivid detail... examines the little-known history of two extraordinary dynasties."—The Boston Globe "Not just a brilliant, well-researched, and highly readable book about China's past, it also reveals the contingencies and ironic twists of fate in China's modern history."—LA Review of...

In the 19th century, the world was Europeanized. In the 20th century, it was Americanized. Now, in the 21st century, the world is being Asianized. The “Asian Century” is even bigger than you think. Far greater than just China, the new Asian system taking shape is a multi-civilizational order...

A war between China and the US would be catastrophic, deadly, and destructive. Unfortunately, it is no longer unthinkable. The relationship between the US and China, the world’s two superpowers, is peculiarly volatile. It rests on a seismic fault—of cultural misunderstanding, historical...

When the robe becomes a weapon, who can stop the violence? We think of Buddhism as a faith of peace—rooted in compassion, patience, and nonviolence. But across South and Southeast Asia today, the robe is being turned into a weapon as radical monks and nationalist movements unleash hatred and...

One of Porchlight's Business Books of the Year | One of Vox's Best Books of 2023 | An NPR Book of the Day | Required Reading from New York Post | One of Nylon's 13 May Books to Add to Your Reading List | One of PureWow's 14 Books to Read for AAPI Heritage Month | One of W Magazine's 14 Books to...

Long overshadowed by Japan and China, South Korea is a small country that happens to be one of the great national success stories of the postwar period. From a failed state with no democratic tradition, ruined and partitioned by war, and sapped by a half-century of colonial rule, South Korea transformed itself in just 50 years into an economic powerhouse and a democracy that serves as a model for other countries. With no natural resources and a tradition of authoritarian rule, Korea managed to accomplish a second Asian miracle.

The rise and stall—and rise again—of corporate Canada’s least well-known spectacular success Even those who have heard of Prem Watsa and Fairfax Financial probably don’t understand them. The company sprawls across more than 100 countries and is known for its complex finances—so complex...

The Roman Empire and the Silk Routes investigates the trade routes between Rome and the powerful empires of inner Asia, including the Parthian regime which ruled ancient Persia (Iran). It explores Roman dealings with the Kushan Empire which seized power in Bactria (Afghanistan) and laid claim to the Indus Kingdoms. Further chapters examine the development of Palmyra as a leading caravan city on the edge of Roman Syria and consider trade ventures through the Tarim territories that led Roman merchants to Han China.