Product Description

The economies of Hong Kong and south-east Asia are dominated by only forty or fifty families. Their interests range from banking to property, from shipping to sugar, from gambling to lumber. At their peak, eight of the world's two dozen richest families were south-east Asian, yet they are largely unknown outside the region. A complex mythology surrounds them, one which informs Asian views on culture, entrepreneurialism and economics. In this explosive account, Joe Studwell finds that the facts are even more remarkable than the myths, as he lifts the lid on a world of hypocrisy, power and enormous wealth.This tour of Asia's richest includes Hong Kong's Li Ka-shing, the king of the billionaires; Stanley Ho, casino mogul, father of seventeen and flamboyant ballroom dancer; Malaysia's Lim Goh Tong, creator of the vast Genting Highlands casino; Indonesian born-again Christian bankers; and the Philippines' Lucio Tan, a tobacco billionaire who started out as a janitor. Through the hidden lives of these mysterious and fascinating men, Studwell explores the broader economic and political issues facing a region of 500 million people: how the Asian tycoons took such a strong hold over their local economies, how they survived the Asian financial crisis that began in 1997, and what their endurance teaches us about the real state of the countries they live in.

Product Details

• Amazon Sales Rank: #393053 in Books
• Published on: 2007-07-02
• Original language: English
• Binding: Paperback
• 368 pages

Review
"'Its clarity of expression will make it hard for even the most determined dreamers to refute... Implacable, cool, convincing and well-armed Spectator 'An astonishing book' Sunday Independent"

About the Author
Joe Studwell is the editor of the China Economic Quarterly (www.theceq.com). He lived and worked as a freelance journalist in Hong Kong and Beijing from 1991 to 2000. He is author of The China Dream (Profile, ISBN 978 1 86197 948 7).

Customer Reviews

The tycoons who ride the backs of Asian tigers
The Western world views the economies of Southeast Asia as "Asian tigers," and sees Hong Kong, Malaysia, Singapore, Indonesia, Thailand and the Philippines as hubs of free trade and innovation. Not so fast, warns Asia expert Joe Studwell. What appear to be sleek, streamlined economies are more like rickety old jalopies that creak with cronyism and secretive monopolies. In this enlightening, searing attack, Studwell pegs Asia's ruling tycoons or "godfathers" as charming billionaire throwbacks who ruthlessly control business empires with the permission of corrupt, ever-shifting governments, prospering as the populace struggles. Studwell does a masterful job of synthesizing a sprawling topic. We recommend his book to anyone who's considering investing in or doing business in Southeast Asia.

The tycoons who ride the backs of Asian tigers
The Western world views the economies of Southeast Asia as "Asian tigers," and sees Hong Kong, Malaysia, Singapore, Indonesia, Thailand and the Philippines as hubs of free trade and innovation. Not so fast, warns Asia expert Joe Studwell. What appear to be sleek, streamlined economies are more like rickety old jalopies that creak with cronyism and secretive monopolies. In this enlightening, searing attack, Studwell pegs Asia's ruling tycoons or "godfathers" as charming billionaire throwbacks who ruthlessly control business empires with the permission of corrupt, ever-shifting governments, prospering as the populace struggles. Studwell does a masterful job of synthesizing a sprawling topic. getAbstract recommends his book to anyone who's considering investing in or doing business in Southeast Asia.